| | 2009 Y
| 2010 Y
| 2011 Y
| 2012 Y
|
|---|
| Period Ended | 12/31/2009 | 12/31/2010 | 12/31/2011 | 12/31/2012 |
|---|
| Capitalization Ratios (%)
| | | Common Equity /
Book Capital | 48.47 | 43.47 | 51.00 | 36.83 | | Preferred Incl. Mezzanine /
Book-Value Capital | 0 | 0 | 0 | 5.36 | | Debt /
Book Capitalization | 51.53 | 56.53 | 45.18 | 35.51 | | Short-term Debt /
Debt | 0.84 | 15.99 | 0.41 | 0.25 | | Long-term Debt /
Debt | 99.16 | 84.01 | 99.59 | 99.75 | | | | | Liquidity Ratios (x)
| | | Current Ratio | 1.48 | 0.43 | 2.06 | 1.34 | | Total Debt /
Total Equity | 1.06 | 1.30 | 0.82 | 0.55 | | | | | Debt Ratios (%)
| | | Long-term Sub Debt /
Debt | 45.44 | 41.91 | 26.90 | 0.12 | | First Mortgage Bonds /
Debt | 0 | 0 | 0 | 0 | | Long-term Senior Notes /
Debt | 27.59 | 36.79 | 65.84 | 88.70 | | Credit Facilities /
Debt | 22.46 | 14.58 | 0 | 7.05 | | Commercial Paper /
Debt | 0 | 0 | 0 | 0 | | Credit Lines Drawn /
Available | 52.37 | 45.42 | 0 | 16.52 | | Commercial Paper Out /
Available | NA | NA | NA | NA | | | | | Coverage Ratios (x)
| | | Pre-tax Interest Coverage Excl. AFUDC | 1.33 | 0.86 | 1.28 | 1.27 | | Pre-tax Interest and Pfd Coverage Excl. AFUDC | 1.33 | 0.86 | 1.28 | 1.27 | | Recurring EBITDA /
Adjusted Interest Expense | 4.58 | 3.09 | 3.30 | 3.06 | | Debt /
Recurring EBITDA | 4.38 | 5.53 | 4.69 | 4.95 | | | | | Debt Detail - Current (C$000)
| | | Short-term Debt | 0 | 0 | 0 | 0 | | Current Portion of Long-term Debt | 3,505 | 70,702 | 1,855 | 1,902 | | | | | Debt Detail - Long-term (C$000)
| | | Redeemable Preferred Securities (FAS 150) | 0 | 0 | 0 | 0 | | Trust Preferred Securities | 0 | 0 | 0 | 0 | | Subordinated Long-term Debt | 190,160 | 185,342 | 122,528 | 960 | | Long-term Subordinated Obligations | 190,160 | 185,342 | 122,528 | 960 | | Municipal Bonds | 35,290 | 32,745 | 32,793 | 31,612 | | First Mortgage Bonds | 0 | 0 | 0 | 0 | | Long-term Senior Notes | 115,445 | 162,713 | 299,923 | 684,780 | | Obligations under Capital Leases | 456 | 535 | 501 | 270 | | Stranded Cost Securitizations | 0 | 0 | 0 | 0 | | Other Long-term Debt | 94,037 | 64,500 | 0 | 54,434 | | Long-term Senior Debt | 245,228 | 260,493 | 333,217 | 771,096 | | Adjustments to Long-term Debt |
(16,903)
|
(3,582)
|
(231)
| 0 | | Long-term Debt, Including Current Portion | 418,485 | 442,253 | 455,514 | 772,056 | | Total Debt | 418,485 | 442,253 | 455,514 | 772,056 | | | | | Additional Debt Detail (C$000)
| | | Hedged Fixed-rate Debt | NA | NA | NA | NA | | Hedged Variable-rate Debt | NA | NA | NA | NA | | Capped-out Debt | NA | NA | NA | NA | | Unhedged Debt | NA | NA | NA | NA | | | | | Debt Maturity Schedule (C$000)
| | | Debt Maturing: Current FY | 3,505 | NA | 1,855 | 1,902 | | Debt Maturing: Next FY | 164,635 | NA | 1,910 | 2,000 | | Debt Maturing: FY2 | 1,718 | NA | 2,074 | 56,626 | | Debt Maturing: FY3 | 1,722 | NA | 2,142 | 7,310 | | Debt Maturing: FY4 | 1,878 | NA | 67,151 | 57,288 | | Debt Maturing: Thereafter | 245,028 | NA | 380,382 | 646,930 | | | | | Operating Lease Obligations (C$000)
| | | Operating Lease Obligations, Current Fiscal Year | NA | NA | 939 | 4,405 | | Operating Lease Obligations, Next Fiscal Year | NA | NA | 609 | 4,099 | | Operating Lease Obligations, Second Fiscal Year | NA | NA | 369 | 3,792 | | Operating Lease Obligations, Third Fiscal Year | NA | NA | 282 | 3,284 | | Operating Lease Obligations, Fourth Fiscal Year | NA | NA | 20 | 3,202 | | Operating Lease Obligations, due Thereafter | NA | NA | 0 | 69,562 | | | |
|
