2012 Consolidated Financial Results

Starting in the first quarter of 2013, IFRS 11 – Joint Arrangements requires that we account for our interest in Bruce Power Limited Partnership (BPLP) using equity accounting. We will recast our quarterly results for 2012 for comparative purposes.

For the purposes of this report, our interest in BPLP is presented in accordance with the proportionate consolidation method.

Highlights December 31 ($ millions except where indicated)	2012	2011	2010	Change From 2011 To 2012
Revenue	2,321	2,384	2,124	(3)%
Gross profit	723	776	772	(7)%
Net earnings attributable to equity holders	266	450	516	(41)%
$ per common share (basic)	0.67	1.14	1.31	(41)%
$ per common share (diluted)	0.67	1.14	1.31	(41)%
Adjusted net earnings (non-IFRS)	447	509	497	(12)%
$ per common share (adjusted and diluted)	1.13	1.29	1.26	(12)%
Cash provided by operations (after working capital changes)	644	745	530	(14)%