%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream /GS0 gs q 468.00 0 0 43.75 72.00 705.27 cm /I1 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.05 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 686.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 686.05 Td ( ) Tj ET Q BT /F1 16.00 Tf ET q 0 0 0 rg BT 180.00 686.05 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 672.85 Td (February 27, 2020 ) Tj ET Q BT /F3 22.00 Tf ET q 0 0 0 rg BT 72.00 636.45 Td (CANADIAN UTILITIES REPORTS HIGHER ) Tj ET Q BT /F3 22.00 Tf ET q 0 0 0 rg BT 72.00 610.05 Td (2019 EARNINGS) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 581.85 Td (CALGAR) Tj ET Q q 0 0 0 rg BT 118.64 581.85 Td (Y) Tj ET Q q 0 0 0 rg BT 124.76 581.85 Td (, ) Tj ET Q q 0 0 0 rg BT 130.46 581.85 Td (Alberta - Canadian Utilities Limited \(TSX: CU, CU.X\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 399.38 581.85 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 557.00 Td (Canadian Utilities announced adjusted earnings in 2019 of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 359.42 557.00 Td ($608 million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 418.12 557.00 Td (, or $) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 443.19 557.00 Td (2.23) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 464.60 557.00 Td ( per share, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 542.15 Td (compared to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 136.20 542.15 Td ($607 million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 194.90 542.15 Td (, or $) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 219.97 542.15 Td (2.24) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 241.38 542.15 Td ( per share, in 2018. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 521.30 Td (Earnings in 2019 were positively impacted by ongoing growth in the regulated rate base and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 506.45 Td (regulatory decisions, the continued implementation of cost ef) Tj ET Q q 0 0 0 rg BT 367.14 506.45 Td (ficiencies across the Company) Tj ET Q q 0 0 0 rg BT 515.50 506.45 Td (, and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 491.60 Td (incremental earnings from two additional hydrocarbon storage caverns that became operational ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 476.75 Td (in the second quarter of 2018. Higher earnings were of) Tj ET Q q 0 0 0 rg BT 337.80 476.75 Td (fset by forgone earnings following the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 461.90 Td (sale of the Canadian fossil fuel-based electricity generation business in the third quarter of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 447.05 Td (2019, and lower earnings contributions from ) Tj ET Q q 0 0 0 rg BT 288.46 447.05 Td (Alberta PowerLine due to the completion of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 432.20 Td (construction activities in the first quarter of 2019. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 410.80 Td (Canadian Utilities had fourth quarter 2019 adjusted earnings of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 380.81 410.80 Td ($176 million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 439.51 410.80 Td (, or ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 458.46 410.80 Td ($0.65) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 485.99 410.80 Td ( per share, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 395.40 Td (compared to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 136.20 395.40 Td ($187 million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 194.90 395.40 Td (, or ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 213.85 395.40 Td ($0.69) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 241.38 395.40 Td ( per share, in the fourth quarter of 2018. Lower earnings in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 380.00 Td (the fourth quarter of 2019 were mainly due to forgone earnings following the sale of the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 364.60 Td (Canadian fossil fuel-based electricity generation business in the third quarter of 2019, and lower ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 349.20 Td (earnings contributions from ) Tj ET Q q 0 0 0 rg BT 207.13 349.20 Td (Alberta PowerLine due to the completion of construction activities in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 333.80 Td (the first quarter of 2019. Partially of) Tj ET Q q 0 0 0 rg BT 243.00 333.80 Td (fsetting these impacts were earnings contributions from ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 318.40 Td (ongoing growth in the regulated rate base and regulatory decisions, the continued ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 303.00 Td (implementation of cost ef) Tj ET Q q 0 0 0 rg BT 194.08 303.00 Td (ficiencies across the Company) Tj ET Q q 0 0 0 rg BT 342.45 303.00 Td (, and incremental earnings from two ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 287.60 Td (additional hydrocarbon storage caverns that became operational in the second quarter of 2018.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 266.20 Td (On January 9, 2020, Canadian Utilities declared a first quarter dividend for 2020 of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 476.18 266.20 Td (43.54 cents) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 533.05 266.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 250.80 Td (per Class ) Tj ET Q q 0 0 0 rg BT 120.91 250.80 Td (A) Tj ET Q q 0 0 0 rg BT 127.64 250.80 Td ( non-voting and Class B common share, a three per cent increase over the dividend ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 235.40 Td (paid in each of the four previous quarters. Canadian Utilities has increased its dividend per ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 220.00 Td (share for 48 consecutive years, the longest track record of annual dividend increases of any ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 204.60 Td (publicly traded Canadian company) Tj ET Q q 0 0 0 rg BT 239.95 204.60 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 183.20 Td (In 2019, Canadian Utilities invested ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 247.50 183.20 Td ($1,226 million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 315.37 183.20 Td ( in capital projects, of which ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 452.93 183.20 Td ($1,035 million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 520.81 183.20 Td ( or ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 167.80 Td (84) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 84.24 167.80 Td ( per cent was invested in regulated utilities. ) Tj ET Q q 0 0 0 rg BT 296.82 167.80 Td (The remaining ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 370.19 167.80 Td ($191 million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 428.89 167.80 Td ( or ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 444.78 167.80 Td (16) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 457.02 167.80 Td ( per cent) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 499.82 167.80 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 152.40 Td (invested in 2019 included the completion of construction at ) Tj ET Q q 0 0 0 rg BT 360.02 152.40 Td (Alberta PowerLine and planned ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 137.00 Td (capital maintenance in the electricity generation fleet. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 336.76 137.00 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 116.15 Td (In the period 2020 to 2022, Canadian Utilities plans to invest approximately ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 440.11 116.15 Td ($3.5 billion) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 492.71 116.15 Td ( in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 101.30 Td (regulated utilities and long-term contracted assets in Canada and ) Tj ET Q q 0 0 0 rg BT 391.81 101.30 Td (Australia, which will continue ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 86.45 Td (to strengthen and grow our high-quality earnings base.) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 741.00 Td (RECENT) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 117.22 741.00 Td ( DEVELOPMENTS IN THE FOURTH QUARTER) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 717.15 Td (Canadian Utilities is a diversified global enterprise with a focus on generating long-term share ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 702.30 Td (owner value by investing in regulated utilities and long-term contracted energy infrastructure. ) Tj ET Q q 0 0 0 rg BT 524.47 702.30 Td (As ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 687.45 Td (we seek strategic opportunities to expand our global portfolio of utility and energy infrastructure ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 672.60 Td (investments, we continuously review our holdings to look for opportunities to monetize assets ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 657.75 Td (and increase our capacity for growth.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 632.35 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 632.35 Td (Completed the sale of Canadian Utilities' interest in ) Tj ET Q q 0 0 0 rg BT 358.96 632.35 Td (Alberta PowerLine \(APL\). ) Tj ET Q q 0 0 0 rg BT 485.52 632.35 Td (APL) Tj ET Q q 0 0 0 rg BT 505.91 632.35 Td ( was a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 616.95 Td (partnership between Canadian Utilities \(80 per cent\) and Quanta Services, Inc. \(20 per ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 601.55 Td (cent\). Canadian Utilities sold half of its interest to seven Indigenous communities who ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 586.15 Td (will own a 40 per cent interest of ) Tj ET Q q 0 0 0 rg BT 267.59 586.15 Td (APL. ) Tj ET Q q 0 0 0 rg BT 294.29 586.15 Td (The remaining 60 per cent of ) Tj ET Q q 0 0 0 rg BT 437.38 586.15 Td (APL) Tj ET Q q 0 0 0 rg BT 457.76 586.15 Td ( will be owned ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 570.75 Td (by an investment consortium. Canadian Utilities received aggregate proceeds of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 555.35 Td ($222 million for its interest in ) Tj ET Q q 0 0 0 rg BT 249.85 555.35 Td (APL) Tj ET Q q 0 0 0 rg BT 270.23 555.35 Td ( and will remain as the operator of ) Tj ET Q q 0 0 0 rg BT 438.38 555.35 Td (APL) Tj ET Q q 0 0 0 rg BT 458.76 555.35 Td ( over its 35-year ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 539.95 Td (contract with the ) Tj ET Q q 0 0 0 rg BT 190.54 539.95 Td (Alberta Electric System Operator) Tj ET Q q 0 0 0 rg BT 350.10 539.95 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 515.55 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 515.55 Td (Finalized the sale of the Canadian fossil fuel-based electricity generation portfolio. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 500.15 Td (Canadian Utilities received ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 241.29 500.15 Td ($821 million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 299.99 500.15 Td ( of aggregate proceeds on the sale. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 475.75 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 475.75 Td (Commenced construction on the Pembina-Keephills natural gas transmission pipeline. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 460.35 Td (The 59-km high-pressure natural gas pipeline supports coal-to-gas conversion of power ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 444.95 Td (producers in the Genesee and surrounding areas of ) Tj ET Q q 0 0 0 rg BT 362.39 444.95 Td (Alberta with the capacity to deliver ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 429.55 Td (up to 550-TJ per day) Tj ET Q q 0 0 0 rg BT 208.69 429.55 Td (. ) Tj ET Q q 0 0 0 rg BT 214.60 429.55 Td (The estimated cost to construct this project is approximately ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 414.15 Td ($230 million and is expected to be complete in mid-2020. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 392.75 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 392.75 Td (Secured long-term contracts for a fifth salt cavern hydrocarbon storage facility at the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 377.35 Td (A) Tj ET Q q 0 0 0 rg BT 114.52 377.35 Td (TCO Heartland Energy Centre. Construction began in the fourth quarter of 2019, with ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 361.95 Td (full operation targeted for late 2021.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 340.55 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 340.55 Td (Entered into a partnership with a Chilean developer to build and operate an 18-MW solar ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 325.15 Td (project, located in southern Chile. ) Tj ET Q q 0 0 0 rg BT 274.12 325.15 Td (The total investment in this project is expected to be ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 309.75 Td (approximately $24 million.) Tj ET Q BT /F2 11.00 Tf ET endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 72.00 741.00 Td (FINANCIAL) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 131.07 741.00 Td ( SUMMAR) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 183.21 741.00 Td (Y) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 190.35 741.00 Td ( ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 193.00 741.00 Td (AND RECONCILIA) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 287.52 741.00 Td (TION OF ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 334.77 741.00 Td (ADJUSTED EARNINGS) Tj ET Q BT /F2 11.00 Tf ET q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 72.00 720.60 Td (A) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 78.73 720.60 Td ( financial summary and reconciliation of adjusted earnings to earnings attributable to equity ) Tj ET Q BT /F2 11.00 Tf ET q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 72.00 705.20 Td (owners of the Company is provided below:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 670.7 m 344.5 670.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 670.7 m 393.5 670.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 670.7 m 442.5 670.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 670.7 m 491.5 670.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 670.7 m 540.5 670.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 670.7 m 344.5 670.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 655.7 m 344.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 670.7 m 393.5 670.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 655.7 m 393.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 670.7 m 442.5 670.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 655.7 m 442.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 670.7 m 491.5 670.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 655.7 m 491.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 670.7 m 540.5 670.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 655.7 m 540.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 460.7 m 393.5 460.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 460.7 m 442.5 460.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 460.7 m 491.5 460.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 460.7 m 540.5 460.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 460.7 m 344.5 460.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 434.7 m 344.5 434.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 434.7 m 393.5 434.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 434.7 m 442.5 434.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 460.7 m 491.5 460.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 434.7 m 491.5 434.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 460.7 m 540.5 460.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 434.7 m 540.5 434.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 434.7 m 344.5 434.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 414.7 m 344.5 414.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 434.7 m 393.5 434.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 414.7 m 393.5 414.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 434.7 m 442.5 434.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 414.7 m 442.5 414.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 434.7 m 491.5 434.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 414.7 m 491.5 414.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 414.7 m 540.5 414.7 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 352.60 684.10 Td (For the ) Tj ET Q q 0 0 0 rg BT 383.45 684.10 Td (Three Months ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.40 675.10 Td (Ended December 31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.95 684.10 Td (For the ) Tj ET Q q 0 0 0 rg BT 518.80 684.10 Td (Y) Tj ET Q q 0 0 0 rg BT 523.98 684.10 Td (ear ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.40 675.10 Td (Ended December 31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 660.32 Td (\($ millions except share data\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 367.75 660.32 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.75 660.32 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.75 660.32 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.75 660.32 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 637.32 Td (Adjusted earnings ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 157.83 642.09 Td (\(1\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 372.60 637.32 Td (176) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.60 637.32 Td (187) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.60 637.32 Td (608) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.60 637.32 Td (607) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 619.32 Td (\(Loss\) gain on sale of operations ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 222.87 624.09 Td (\(2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 374.80 619.32 Td (\(12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.30 619.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.25 619.32 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.60 619.32 Td (125) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.25 619.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 601.32 Td (Restructuring and other costs ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 208.40 606.09 Td (\(2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.25 601.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.25 601.32 Td () Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 477.30 601.65 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.80 601.32 Td (\(60) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.30 601.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 583.32 Td (Proceeds from termination of PP) Tj ET Q q 0 0 0 rg BT 218.76 583.32 Td (A) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 225.43 588.09 Td ( \(2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.25 583.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.25 583.32 Td () Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 477.30 583.65 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 583.32 Td (36) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 565.32 Td (Sale of Barking Power assets) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 205.62 570.09 Td ( \(2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.25 565.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.15 565.32 Td (87) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.25 565.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 565.32 Td (87) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 548.32 Td (Unrealized gains on mark-to-market forward and swap ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 537.32 Td (commodity contracts ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 169.47 542.09 Td (\(2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 383.70 537.32 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.70 537.32 Td (2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 481.70 537.32 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 537.32 Td (31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 519.32 Td (Rate-regulated activities ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 185.05 524.09 Td (\(2\) \(3\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 374.80 519.32 Td (\(16) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.30 519.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.80 519.32 Td (\(37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.30 519.32 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.60 519.32 Td (181) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.25 519.32 Td (\(133) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.30 519.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 501.32 Td (IT) Tj ET Q q 0 0 0 rg BT 83.71 501.32 Td ( Common Matters decision ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 205.42 506.09 Td (\(2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.40 501.32 Td (\(6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.30 501.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.25 501.32 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.80 501.32 Td (\(23) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.30 501.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.25 501.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 483.32 Td (Dividends on equity preferred shares) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 378.15 483.32 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.15 483.32 Td (17) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.15 483.32 Td (67) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 483.32 Td (67) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 465.32 Td (Other ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 102.79 470.09 Td ( \(4 \(5\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 374.80 465.32 Td (\(12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.30 465.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.25 465.32 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.80 465.32 Td (\(12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.30 465.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.40 465.32 Td (\(1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.30 465.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 439.32 Td (Earnings attributable to equity owners of the Company) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 372.60 439.32 Td (151) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.60 439.32 Td (256) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.60 439.32 Td (951) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.60 439.32 Td (634) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 419.32 Td (W) Tj ET Q q 0 0 0 rg BT 84.26 419.32 Td (eighted average shares outstanding \(millions of shares\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.25 419.32 Td (272.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.25 419.32 Td (272.2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 462.25 419.32 Td (272.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.25 419.32 Td (271.5) Tj ET Q BT /F1 10.00 Tf ET BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 71.00 404.49 Td (\(1\) ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 404.49 Td (Adjusted earnings are defined as earnings attributable to) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 232.65 404.49 Td ( equity owners of the Company after adjusting for the timing of revenues and expenses associated with rate-regulated ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 395.49 Td (activities and dividends on equity preferred shares of the Company) Tj ET Q BT /F6 5.85 Tf ET q 0 0 0 rg BT 258.54 395.49 Td (, and unrealized gains or losses on mark-to-market forward and swap commodity contracts.) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 494.88 395.49 Td ( ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 496.28 395.49 Td (Adjusted ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 386.49 Td (earnings also exclude one-time gains and losses, significant impairments, and items that are not in the normal course of business or a result of day-to-day operations. ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 515.91 386.49 Td (Adjusted ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 377.49 Td (earnings present earnings on the same basis as was used prior to adopting International Financial Reporting Standards \(IFRS\) - that basis being the U.S. accounting principles ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 368.49 Td (for rate-regulated entities - and they are a key measure used to assess segment performance, to reflect the economics of rate regulation and to facilitate comparability of ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 359.49 Td (Canadian Utilities) Tj ET Q BT /F6 5.85 Tf ET q 0 0 0 rg BT 132.49 359.49 Td ( earnings with other Canadian rate-regulated companies.) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 71.00 347.49 Td (\(2\) ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 347.49 Td (In the third and fourth quarters of 2019, Canadian Utilities closed a series of transactions on the sale of its Canadian fossil fuel-based electricity generation business and its ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 338.49 Td (ownership interest in ) Tj ET Q BT /F6 5.85 Tf ET q 0 0 0 rg BT 141.05 338.49 Td (Alberta PowerLine resulting in ) Tj ET Q BT /F6 5.85 Tf ET q 0 0 0 rg BT 220.16 338.49 Td (A) Tj ET Q BT /F6 5.85 Tf ET q 0 0 0 rg BT 223.63 338.49 Td (TCO recording a gain on sale of operations. Refer to Note 4 of the Consolidated Financial Statements for the year ended ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 329.49 Td (December 31, 2019 for detailed descriptions of these adjustments and others. ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 71.00 317.49 Td (\(3\) ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 317.49 Td (In the second quarter of 2019, the Government of ) Tj ET Q BT /F6 5.85 Tf ET q 0 0 0 rg BT 215.52 317.49 Td (Alberta enacted a phased decrease in the provincial corporate income tax rate from 12 per cent to 8 per cent. This decrease ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 308.49 Td (is being phased in increments from July 1, 2019 to January 1, 2022. ) Tj ET Q BT /F6 5.85 Tf ET q 0 0 0 rg BT 262.98 308.49 Td (As a result of this change, the ) Tj ET Q BT /F6 5.85 Tf ET q 0 0 0 rg BT 341.45 308.49 Td (Alberta Utilities decreased deferred income taxes and increased earnings in ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 299.49 Td (the second quarter of 2019 by $203 million. ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 71.00 287.49 Td (\(4\) ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 287.49 Td (Each quarter) Tj ET Q BT /F6 5.85 Tf ET q 0 0 0 rg BT 119.17 287.49 Td (, the Company adjusts the deferred tax asset which was recognized as a result of the T) Tj ET Q BT /F6 5.85 Tf ET q 0 0 0 rg BT 344.04 287.49 Td (ula Pipeline Project impairment. The adjustment is due to a difference ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 278.49 Td (between the tax base currency) Tj ET Q BT /F6 5.85 Tf ET q 0 0 0 rg BT 165.23 278.49 Td (, which is the Mexican peso, and the U.S. dollar functional currency) Tj ET Q BT /F6 5.85 Tf ET q 0 0 0 rg BT 338.73 278.49 Td (. ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 71.00 266.49 Td (\(5\) ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 266.49 Td (For the year ended December 31, 2019, the Company has recognized costs amounting to $12 million relating to a number of disputes arising from the T) Tj ET Q BT /F6 5.85 Tf ET q 0 0 0 rg BT 478.32 266.49 Td (ula Pipeline project. ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 257.49 Td (The Company continues to work with the involved parties to achieve a resolution of these disputes. ) Tj ET Q BT /F6 5.85 Tf ET q 0 0 0 rg BT 342.96 257.49 Td (As these costs relate to a significant non-recurring event, they are excluded ) Tj ET Q BT /F6 9.00 Tf ET BT /F6 5.85 Tf ET q 0 0 0 rg BT 86.00 248.49 Td (from adjusted earnings. ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 72.00 213.80 Td (TELECONFERENCE ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 179.77 213.80 Td (AND WEBCAST) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 193.95 Td (Canadian Utilities will hold a live teleconference and webcast to discuss our 2019 financial ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 179.10 Td (results. Dennis DeChamplain, Executive V) Tj ET Q q 0 0 0 rg BT 278.45 179.10 Td (ice President & Chief Financial Of) Tj ET Q q 0 0 0 rg BT 442.71 179.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 462.89 179.10 Td (, will discuss ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 164.25 Td (year-end 2019 financial results and recent developments at 9:00 am Mountain ) Tj ET Q q 0 0 0 rg BT 454.59 164.25 Td (T) Tj ET Q q 0 0 0 rg BT 460.90 164.25 Td (ime \(1) Tj ET Q q 0 0 0 rg BT 490.64 164.25 Td (1:00 am ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 149.40 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 112.77 149.40 Td (T) Tj ET Q q 0 0 0 rg BT 119.08 149.40 Td (ime\) on ) Tj ET Q q 0 0 0 rg BT 158.61 149.40 Td (Thursday) Tj ET Q q 0 0 0 rg BT 203.65 149.40 Td (, February 27, 2020 at 1-800-319-4610. No pass code is required. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 134.55 Td (Opening remarks will be followed by a question and answer period with investment analysts. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 119.70 Td (Participants are asked to please dial-in 10 minutes prior to the start and request to join the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 104.85 Td (Canadian Utilities teleconference. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 80.00 Td (Management invites interested parties to listen via live webcast at: ) Tj ET Q q 0 0 0 rg BT 396.00 80.00 Td ( ) Tj ET Q q 0 0 0 rg BT 432.00 80.00 Td ( ) Tj ET Q q 0 0 0 rg BT 468.00 80.00 Td ( ) Tj ET Q q 0 0 0 rg BT 504.00 80.00 Td ( ) Tj ET Q q 0 0 0 rg BT 540.00 80.00 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 65.15 Td (https://www) Tj ET Q q 0 0 0 rg BT 128.24 65.15 Td (.canadianutilities.com/en-ca/investors/events-presentations.html) Tj ET Q BT /F2 11.00 Tf ET endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 741.00 Td (A) Tj ET Q q 0 0 0 rg BT 78.73 741.00 Td ( replay of the teleconference will be available approximately two hours after the conclusion of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 726.15 Td (the call until March 27, 2020. Please call 1-800-319-6413 and enter pass code 3944. ) Tj ET Q q 0 0 0 rg BT 486.00 726.15 Td (An archive ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 711.30 Td (of the webcast will be available on February 27, 2020 and a transcript of the call will be posted ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 696.45 Td (on ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 87.29 696.45 Td (https://www) Tj ET Q q 0 0 0 rg BT 143.53 696.45 Td (.canadianutilities.com/en-ca/investors/events-presentations.html) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 1 rg BT 455.35 696.45 Td ( ) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 458.10 696.45 Td (within a few ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 681.60 Td (business days.) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 72.00 656.20 Td (This news release should be used as preparation for reading the full disclosure documents.) Tj ET Q BT /F2 11.00 Tf ET q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 515.31 656.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 72.00 640.80 Td (Canadian Utilities) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 159.63 640.80 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 162.69 640.80 Td (consolidated financial statements and management) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 415.65 640.80 Td (s discussion and analysis ) Tj ET Q BT /F2 11.00 Tf ET q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 72.00 625.40 Td (for the year ended) Tj ET Q BT /F2 11.00 Tf ET q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 161.28 625.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 164.34 625.40 Td (December 31, 2019) Tj ET Q BT /F2 11.00 Tf ET q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 260.96 625.40 Td ( will be available on the Canadian Utilities website ) Tj ET Q BT /F2 11.00 Tf ET q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 72.00 610.00 Td (\(www) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 98.89 610.00 Td (.canadianutilities.com\), ) Tj ET Q BT /F2 11.00 Tf ET q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 213.83 610.00 Td (via SEDAR \(www) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 298.79 610.00 Td (.sedar) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 328.75 610.00 Td (.com\) or can be requested from the ) Tj ET Q BT /F2 11.00 Tf ET q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 72.00 594.60 Td (Company) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 118.26 594.60 Td (. ) Tj ET Q BT /F2 11.00 Tf ET BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 558.60 Td (W) Tj ET Q q 0 0 0 rg BT 79.48 558.60 Td (ith approximately 4,600 employees and assets of ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 267.11 558.60 Td ($20 billion) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.23 558.60 Td (, Canadian Utilities Limited is an ) Tj ET Q q 0 0 0 rg BT 430.85 558.60 Td (A) Tj ET Q q 0 0 0 rg BT 436.04 558.60 Td (TCO company) Tj ET Q q 0 0 0 rg BT 489.67 558.60 Td (. Canadian ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 548.60 Td (Utilities is a diversified global energy infrastructure corporation delivering service excellence and innovative business ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 538.60 Td (solutions in Electricity \(electricity transmission, distribution, and generation\); Pipelines & Liquids \(natural gas ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 528.60 Td (transmission and distribution, energy storage, and industrial water solutions\); and Retail Energy \(electricity and natural ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 518.60 Td (gas retail sales\). More information can be found at ) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 265.37109375 517.332421875 m 367.3203125 517.332421875 l s q 0 0 1 rg BT 265.37 518.60 Td (www) Tj ET Q q 0 0 1 rg BT 283.74 518.60 Td (.canadianutilities.com) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 367.32 518.60 Td (. ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 72.00 492.20 Td (Investor Inquiries:) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 176.02 492.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 471.35 Td (D.A. \(Dennis\) DeChamplain) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 207.72 471.35 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 456.50 Td (Executive V) Tj ET Q q 0 0 0 rg BT 129.88 456.50 Td (ice President &) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 203.87 456.50 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 441.65 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 159.23 441.65 Td (ficer) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 180.01 441.65 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 426.80 Td (403-292-7502) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 140.50 426.80 Td ( ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 72.00 400.40 Td (Media Inquiries) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 159.35 400.40 Td (:) Tj ET Q BT /F3 12.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 379.55 Td (Spencer Forgo) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 144.76 379.55 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 364.70 Td (Manager) Tj ET Q q 0 0 0 rg BT 114.81 364.70 Td (, Corporate Communications & ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 268.26 364.70 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 349.85 Td (Public ) Tj ET Q q 0 0 0 rg BT 104.41 349.85 Td (Af) Tj ET Q q 0 0 0 rg BT 114.60 349.85 Td (fairs) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 135.38 349.85 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 335.00 Td (403-333-3239) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 140.50 335.00 Td ( ) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 72.00 312.05 Td (Forward-Looking Information:) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 157.66 312.05 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 72.00 305.45 Td (Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 72.00 298.85 Td (words such as anticipate, plan, estimate, expect, may, will, intend, should, and similar expressions. ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 367.76 298.85 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 72.00 288.25 Td (Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 72.00 281.65 Td (in such forward-looking information.) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 166.71 281.65 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 72.00 271.05 Td (The Company) Tj ET Q q 0 0 0 rg BT 110.91 271.05 Td (s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 72.00 264.45 Td (industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company) Tj ET Q q 0 0 0 rg BT 463.44 264.45 Td (.) Tj ET Q BT /F6 6.00 Tf ET BT /F6 6.00 Tf ET q 0 0 0 rg BT 72.00 253.85 Td (The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 72.00 247.25 Td (correct and such forward-looking information should not be unduly relied upon. ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 282.12 247.25 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 72.00 236.65 Td (Any forward-looking information contained in this news release represents the Company) Tj ET Q q 0 0 0 rg BT 307.01 236.65 Td (s expectations as of the date hereof, and is subject to change after such date. The ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 72.00 230.05 Td (Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 72.00 223.45 Td (required by applicable securities legislation. ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 189.40 223.45 Td ( ) Tj ET Q endstream endobj 11 0 obj <> /View <>>>>> endobj 12 0 obj <> /View <>>>>> endobj 13 0 obj <> endobj 14 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;