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## Cash flow per share 

Cash flow per share is calculated using the weighted average common shares of Capital Power Corporation and exchangeable common limited partnership units of CPLP that were outstanding during the period. The CPLP exchangeable common limited partnership units are exchangeable for common shares of Capital Power Corporation on a one-for-one basis. 

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## Discretionary cash flow 

Capital Power uses discretionary cash flow as a measure of the Company’s ability to pay dividends to its shareholders and distributions to CPLP’s exchangeable common limited partnership unitholders from funds it generates from operations. The measure is calculated as funds from operations excluding non-controlling interests in CPILP less sustaining capital expenditures. 

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