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Electricity

Electricity Price Sensitivity Analysis

For the remainder of 2007, BPLP has about 2.5 TWh under contract, which would represent about 36% of Bruce B generation at its planned capacity factor. For the remainder of 2007, a $1.00 per MWh change in the spot price for electricity in Ontario would change Cameco's after-tax earnings from BPLP by about $1 million.