N@N

Capital Power Income L.P. reports second quarter results

^{Published on 2010-07-27 14:11:52 - Market Wire}
 

 ------------------------------------------------------------------------- Three months Six months Operational and Financial ended ended Highlights June 30 June 30 (unaudited) (unaudited) ------------------------------------------------------------------------- (millions of dollars except per unit and operational amounts) 2010 2009 2010 2009 ------------------------------------------------------------------------- Power generated (GWh) 1,128 1,030 2,397 2,331 ------------------------------------------------------------------------- Weighted average plant availability 90% 90% 92% 92% ------------------------------------------------------------------------- Revenue excluding fair value changes 116.5 131.3 255.3 275.1 ------------------------------------------------------------------------- Cash provided by operating activities of continuing operations before working capital changes 30.3 38.3 67.2 70.2 ------------------------------------------------------------------------- Per unit(1) $0.55 $0.71 $1.23 $1.30 ------------------------------------------------------------------------- Distributions 24.2 23.7 48.1 57.7 ------------------------------------------------------------------------- Per unit $0.44 $0.44 $0.88 $1.07 ------------------------------------------------------------------------- Payout ratio(1)(2) 100% 78% 80% 99% ------------------------------------------------------------------------- Capital expenditures 13.8 25.9 25.5 42.9 ------------------------------------------------------------------------- Weighted average units outstanding (millions) 54.7 53.9 54.5 53.9 ------------------------------------------------------------------------- (1) Cash provided by operating activities of continuing operations per unit and payout ratio are non-GAAP financial measures. See "Non-GAAP measures". (2) Payout ratio is distributions divided by cash provided by operating activities of continuing operations excluding working capital changes less maintenance capital expenditures.