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## ALGONQUIN POWER & UTILITIES CORP. Notes to the Consolidated Financial Statements December 31, 2012 and 2011 

 (in thousands of Canadian dollars except as noted and amounts per share) 

## 5. Property, plant and equipment 

Property, plant and equipment consist of the following: 

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Renewable generation assets include cost of $88,198 (2011 - $94,606) and accumulated depreciation of $29,584 (2011 - $30,264) related to facilities under capital lease or owned by consolidated variable interest entities. Depreciation expense of facilities under capital lease was $2,244 (2011 - $2,302). 

Equipment includes cost of $4,227 (2011 - $4,227) and accumulated depreciation of $2,348 (2011 - $2,079) related to equipment under capital lease. Depreciation expense of equipment under capital lease was $269 (2011 - $282). 

Contributions received in aid of construction of $6,341 (2011 - $3,968) have been credited to the cost of the distribution assets. Water and wastewater distribution assets include expansion costs of $1,000 on which the Company does not currently earn a return. 

