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## 3-YEAR OPERATIONAL AND FINANCIAL HIGHLIGHTS 

(millions of dollars except per share and operational amounts) (unaudited) 

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1 In November 2011, the Capital Power Income L.P. (CPILP) plants excluding Roxboro and Southport, were disposed of as part of the Atlantic Power acquisition of the CPILP partnership units. Electricity generation and Plant availability average excludes CPILP plants in 2010 and 2011 and excludes the acquired Sundance PPA in all three years. 

2 The consolidated financial highlights, except for adjusted EBITDA, normalized earnings attributable to common shareholders, normalized earnings per share, funds from operations, cash flow per share, and discretionary cash flow, were prepared in accordance with GAAP. See Non-GAAP Financial Measures in the Management’s Discussion and Analysis. 

3 Diluted earnings per share was calculated after giving effect to share purchase options and the exchange of common limited partnership units of CPLP held by EPCOR which are exchangeable for common shares of Capital Power on a one-for-one basis. 

4 Excluding non-controlling interests in CPILP. 

5 Calculated as dividends per common share divided by adjusted funds from operations (AFFO) per share. AFFO is defi ned as funds from operations excluding non-controlling interests in CPILP less sustaining capital expenditures. 

