%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream /GS0 gs q 468.00 0 0 47.00 72.00 702.00 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 72.00 686.60 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 686.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 686.60 Td ( ) Tj ET Q q 0 0 0 rg BT 180.00 686.60 Td ( ) Tj ET Q q 0 0 0 rg BT 216.00 686.60 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 664.40 Td (February 27, 2020 ) Tj ET Q BT /F3 22.00 Tf ET q 0 0 0 rg BT 72.00 628.00 Td (A) Tj ET Q q 0 0 0 rg BT 86.25 628.00 Td (TCO REPORTS HIGHER 2019 EARNINGS) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 599.80 Td (CALGAR) Tj ET Q q 0 0 0 rg BT 118.64 599.80 Td (Y) Tj ET Q q 0 0 0 rg BT 124.76 599.80 Td (, ) Tj ET Q q 0 0 0 rg BT 130.46 599.80 Td (Alberta - ) Tj ET Q q 0 0 0 rg BT 177.73 599.80 Td (A) Tj ET Q q 0 0 0 rg BT 184.86 599.80 Td (TCO Ltd. \(TSX: ) Tj ET Q q 0 0 0 rg BT 265.71 599.80 Td (ACO.X, ) Tj ET Q q 0 0 0 rg BT 306.25 599.80 Td (ACO.Y\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 574.40 Td (A) Tj ET Q q 0 0 0 rg BT 78.52 574.40 Td (TCO today announced adjusted earnings in 2019 of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 333.53 574.40 Td ($365 million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 392.23 574.40 Td (, or $) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 417.30 574.40 Td (3.19) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 438.71 574.40 Td ( per share, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 559.00 Td (compared to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 136.20 559.00 Td ($355 million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 194.90 559.00 Td (, or $) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 219.97 559.00 Td (3.10) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 241.38 559.00 Td ( per share, in 2018. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 534.60 Td (The earnings increase in 2019 was driven by our non-regulated businesses mainly due to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 519.25 Td (incremental earnings from ) Tj ET Q q 0 0 0 rg BT 201.62 519.25 Td (A) Tj ET Q q 0 0 0 rg BT 208.14 519.25 Td (TCO Structures' LNG Canada Cedar V) Tj ET Q q 0 0 0 rg BT 396.49 519.25 Td (alley Lodge contract, higher ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 503.80 Td (A) Tj ET Q q 0 0 0 rg BT 78.52 503.80 Td (TCO Frontec earnings from North ) Tj ET Q q 0 0 0 rg BT 244.80 503.80 Td (American camp services and maintenance contracts, as well ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 488.40 Td (as higher earnings results in Neltume Ports with our first full year of ownership. Higher earnings ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 473.00 Td (were partially of) Tj ET Q q 0 0 0 rg BT 148.83 473.00 Td (fset by lower earnings in ) Tj ET Q q 0 0 0 rg BT 269.90 473.00 Td (A) Tj ET Q q 0 0 0 rg BT 276.42 473.00 Td (TCO Investments, which completed two commercial ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 457.60 Td (real estate transactions in the third quarter of 2018.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 433.25 Td (A) Tj ET Q q 0 0 0 rg BT 78.52 433.25 Td (TCO had fourth quarter 2019 adjusted earnings of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 324.95 433.25 Td ($101 million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 383.65 433.25 Td (, or ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 402.60 433.25 Td ($0.88) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 430.13 433.25 Td ( per share, compared ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 417.85 Td (to $108 million or $0.94 per share in the fourth quarter of 2018. Lower fourth quarter earnings ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 402.45 Td (compared to the same period in 2018 were mainly due to forgone earnings at Canadian Utilities ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 387.05 Td (following the sale of the Canadian fossil fuel-based electricity generation business in the third ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 371.65 Td (quarter of 2019, and lower earnings contributions from ) Tj ET Q q 0 0 0 rg BT 338.60 371.65 Td (Alberta PowerLine due to the completion ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 356.25 Td (of construction activities in the first quarter of 2019. Partially of) Tj ET Q q 0 0 0 rg BT 374.45 356.25 Td (fsetting these impacts were ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 340.85 Td (incremental earnings from ) Tj ET Q q 0 0 0 rg BT 201.62 340.85 Td (A) Tj ET Q q 0 0 0 rg BT 208.14 340.85 Td (TCO Structures' LNG Canada Cedar V) Tj ET Q q 0 0 0 rg BT 396.49 340.85 Td (alley Lodge contract, and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 325.45 Td (higher ) Tj ET Q q 0 0 0 rg BT 105.03 325.45 Td (A) Tj ET Q q 0 0 0 rg BT 111.55 325.45 Td (TCO Frontec earnings from North ) Tj ET Q q 0 0 0 rg BT 277.83 325.45 Td (American camp services and maintenance contracts.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 301.05 Td (On January 9, 2020, ) Tj ET Q q 0 0 0 rg BT 174.13 301.05 Td (A) Tj ET Q q 0 0 0 rg BT 180.65 301.05 Td (TCO declared a first quarter dividend of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 376.29 301.05 Td (43.52 cents per share) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 482.70 301.05 Td ( or ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 285.65 Td ($1.74) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 99.53 285.65 Td ( per share on an annualized basis per Class I Non-V) Tj ET Q q 0 0 0 rg BT 353.90 285.65 Td (oting and Class II V) Tj ET Q q 0 0 0 rg BT 448.67 285.65 Td (oting Share, a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 270.25 Td (7.5 per cent increase over the 40.48 cents paid in each of the four previous quarters. ) Tj ET Q q 0 0 0 rg BT 485.98 270.25 Td (A) Tj ET Q q 0 0 0 rg BT 492.50 270.25 Td (TCO has ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 254.85 Td (increased its dividend per share for 27 consecutive years.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 230.45 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 117.22 230.45 Td ( DEVELOPMENTS IN THE FOURTH QUARTER OF 2019) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 204.48164062499995 m 154.92431640625 204.48164062499995 l s q 0 0 0 rg BT 72.00 206.05 Td (A) Tj ET Q q 0 0 0 rg BT 78.52 206.05 Td (TCO Structures) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 181.65 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 181.65 Td (Progressed both manufacturing and site construction work for the LNG Canada Cedar ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 166.25 Td (V) Tj ET Q q 0 0 0 rg BT 114.52 166.25 Td (alley Lodge. ) Tj ET Q q 0 0 0 rg BT 176.70 166.25 Td (The facility is being built to house workers involved in the construction of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 150.85 Td (LNG Canada) Tj ET Q q 0 0 0 rg BT 174.45 150.85 Td (s natural gas liquefaction and export facility in Kitimat, BC. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 126.45 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 126.45 Td (Of) Tj ET Q q 0 0 0 rg BT 119.41 126.45 Td (ficially opened the Homes for Heroes ) Tj ET Q q 0 0 0 rg BT 302.23 126.45 Td (A) Tj ET Q q 0 0 0 rg BT 308.75 126.45 Td (TCO V) Tj ET Q q 0 0 0 rg BT 342.16 126.45 Td (illage. Homes for Heroes is a community ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 111.05 Td (of 15 modular tiny homes in Calgary) Tj ET Q q 0 0 0 rg BT 283.27 111.05 Td (, ) Tj ET Q q 0 0 0 rg BT 288.77 111.05 Td (Alberta to go along with a robust support system to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 95.65 Td (transition homeless veterans of the Canadian ) Tj ET Q q 0 0 0 rg BT 331.19 95.65 Td (Armed Forces.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 71.25 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 71.25 Td (Completed the manufacturing supply of Marriott branded units for the Marriott Fairfield ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 55.85 Td (Inn located near Oakland, California under a $7 million contract. ) Tj ET Q q 0 0 0 rg BT 424.13 55.85 Td (A) Tj ET Q q 0 0 0 rg BT 430.86 55.85 Td ( second $7 million ) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 741.00 Td (manufacturing supply contract for a Marriott branded hotel in Napa V) Tj ET Q q 0 0 0 rg BT 441.03 741.00 Td (alley) Tj ET Q q 0 0 0 rg BT 462.84 741.00 Td (, California is in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 725.60 Td (production and expected to be completed in the first quarter of 2020. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 701.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 701.20 Td (Established a new space rentals branch in ) Tj ET Q q 0 0 0 rg BT 316.52 701.20 Td (Aurora, Colorado to supplement the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 685.80 Td (established workforce housing business and growth in permanent modular construction ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 670.40 Td (in the United States. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 646.00 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 646.00 Td (Began work on a $47 million contract to relocate and install an 800-room camp in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 630.60 Td (W) Tj ET Q q 0 0 0 rg BT 118.18 630.60 Td (estern ) Tj ET Q q 0 0 0 rg BT 151.21 630.60 Td (Australia with completion planned for March 2020.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 606.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 606.20 Td (W) Tj ET Q q 0 0 0 rg BT 118.18 606.20 Td (on a contract and worked on the design, manufacture and installation of a 400-room, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 590.80 Td (two story accommodation village in Karratha, W) Tj ET Q q 0 0 0 rg BT 340.12 590.80 Td (estern ) Tj ET Q q 0 0 0 rg BT 373.14 590.80 Td (Australia. ) Tj ET Q q 0 0 0 rg BT 421.85 590.80 Td (The total contract value ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 575.40 Td (is $22 million with final handover expected in May 2020. ) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 549.431640625 m 142.08740234375 549.431640625 l s q 0 0 0 rg BT 72.00 551.00 Td (A) Tj ET Q q 0 0 0 rg BT 78.52 551.00 Td (TCO Frontec) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 526.60 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 526.60 Td (Secured a $2 million one-year contract extension to provide NA) Tj ET Q q 0 0 0 rg BT 415.35 526.60 Td (T) Tj ET Q q 0 0 0 rg BT 421.87 526.60 Td (O Support and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 511.20 Td (Procurement ) Tj ET Q q 0 0 0 rg BT 173.42 511.20 Td (Agency \(NSP) Tj ET Q q 0 0 0 rg BT 238.63 511.20 Td (A\) communication and information systems support to the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 495.80 Td (NA) Tj ET Q q 0 0 0 rg BT 122.46 495.80 Td (T) Tj ET Q q 0 0 0 rg BT 128.98 495.80 Td (O headquarters at Camp Butmir near Sarajevo, Bosnia. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 471.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 471.40 Td (W) Tj ET Q q 0 0 0 rg BT 118.18 471.40 Td (on a rebid to provide NSP) Tj ET Q q 0 0 0 rg BT 243.33 471.40 Td (A) Tj ET Q q 0 0 0 rg BT 250.06 471.40 Td ( around-the-clock fire protection services to NA) Tj ET Q q 0 0 0 rg BT 477.90 471.40 Td (T) Tj ET Q q 0 0 0 rg BT 484.42 471.40 Td (O troops, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 456.00 Td (known as Kosovo Force, at the Novo Selo Camp near Pristina, Kosovo. ) Tj ET Q q 0 0 0 rg BT 458.75 456.00 Td (The five-year ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 440.60 Td (contract is valued at $3 million. ) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 414.631640625 m 141.68994140625 414.631640625 l s q 0 0 0 rg BT 72.00 416.20 Td (Neltume Ports) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 391.80 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 391.80 Td (Entered into a 50/50 joint venture \(JV\) partnership with ) Tj ET Q q 0 0 0 rg BT 376.84 391.80 Td (T) Tj ET Q q 0 0 0 rg BT 382.34 391.80 Td (erminal Zarate in January 2020 ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 376.40 Td (to build and operate a roll-on roll-of) Tj ET Q q 0 0 0 rg BT 278.40 376.40 Td (f \(RoRo\) terminal in Mobile, ) Tj ET Q q 0 0 0 rg BT 414.73 376.40 Td (Alabama. Neltume Ports) Tj ET Q q 0 0 0 rg BT 535.98 376.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 361.00 Td (portion of the investment will be approximately US$9 million and will be funded with ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 345.60 Td (existing cash reserves. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 222.94 345.60 Td ( ) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 319.631640625 m 157.59912109375 319.631640625 l s q 0 0 0 rg BT 72.00 321.20 Td (Canadian Utilities) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 296.80 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 296.80 Td (Completed the sale of Canadian Utilities' interest in ) Tj ET Q q 0 0 0 rg BT 358.96 296.80 Td (Alberta PowerLine \(APL\). ) Tj ET Q q 0 0 0 rg BT 485.52 296.80 Td (APL) Tj ET Q q 0 0 0 rg BT 505.91 296.80 Td ( was a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 281.40 Td (partnership between Canadian Utilities \(80 per cent\) and Quanta Services, Inc. \(20 per ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 266.00 Td (cent\). 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 108.00 250.60 Td (will own a 40 per cent interest of ) Tj ET Q q 0 0 0 rg BT 267.59 250.60 Td (APL. ) Tj ET Q q 0 0 0 rg BT 294.29 250.60 Td (The remaining 60 per cent of ) Tj ET Q q 0 0 0 rg BT 437.38 250.60 Td (APL) Tj ET Q q 0 0 0 rg BT 457.76 250.60 Td ( will be owned ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 235.20 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 108.00 219.80 Td ($222 million for its interest in ) Tj ET Q q 0 0 0 rg BT 249.85 219.80 Td (APL) Tj ET Q q 0 0 0 rg BT 270.23 219.80 Td ( and will remain as the operator of ) Tj ET Q q 0 0 0 rg BT 438.38 219.80 Td (APL) Tj ET Q q 0 0 0 rg BT 458.76 219.80 Td ( over its 35-year ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 204.40 Td (contract with the ) Tj ET Q q 0 0 0 rg BT 190.54 204.40 Td (Alberta Electric System Operator) Tj ET Q q 0 0 0 rg BT 350.10 204.40 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 180.00 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 180.00 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 108.00 164.60 Td (Canadian Utilities received ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 241.29 164.60 Td ($821 million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 299.99 164.60 Td ( of aggregate proceeds on the sale. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 140.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 140.20 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 108.00 124.80 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 108.00 109.40 Td (producers in the Genesee and surrounding areas of ) Tj ET Q q 0 0 0 rg BT 362.39 109.40 Td (Alberta with the capacity to deliver ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 94.00 Td (up to 550-TJ per day) Tj ET Q q 0 0 0 rg BT 208.69 94.00 Td (. ) Tj ET Q q 0 0 0 rg BT 214.60 94.00 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 78.60 Td ($230 million and is expected to be complete in mid-2020. ) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 741.00 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 741.00 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 108.00 725.60 Td (A) Tj ET Q q 0 0 0 rg BT 114.52 725.60 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 108.00 710.20 Td (full operation targeted for late 2021.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 688.80 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 688.80 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 108.00 673.40 Td (project, located in southern Chile. ) Tj ET Q q 0 0 0 rg BT 274.12 673.40 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 108.00 658.00 Td (approximately $24 million.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 642.60 Td ( ) 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 72.00 621.20 Td (FINANCIAL) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 131.07 621.20 Td ( SUMMAR) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 183.21 621.20 Td (Y) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 190.35 621.20 Td ( ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 193.00 621.20 Td (AND RECONCILIA) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 287.52 621.20 Td (TION OF ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 334.77 621.20 Td (ADJUSTED EARNINGS) Tj ET Q BT /F2 11.00 Tf ET q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 72.00 596.80 Td (A) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 78.73 596.80 Td ( financial summary of the consolidated subsidiaries of ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 341.65 596.80 Td (A) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 348.17 596.80 Td (TCO and a reconciliation of adjusted ) Tj ET Q BT /F2 11.00 Tf ET q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 72.00 581.40 Td (earnings to earnings attributable to Class I and Class II Shares 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 72.5 549.9 m 344.5 549.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 549.9 m 393.5 549.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 549.9 m 491.5 549.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 549.9 m 540.5 549.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 534.9 m 344.5 534.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 549.9 m 393.5 549.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 534.9 m 393.5 534.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 549.9 m 442.5 549.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 534.9 m 442.5 534.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 549.9 m 491.5 549.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 534.9 m 491.5 534.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 549.9 m 540.5 549.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 534.9 m 540.5 534.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 361.9 m 344.5 361.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 361.9 m 393.5 361.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 361.9 m 442.5 361.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 344.9 m 344.5 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 361.9 m 393.5 361.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 344.9 m 393.5 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 361.9 m 442.5 361.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 344.9 m 442.5 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 361.9 m 491.5 361.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 344.9 m 491.5 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 361.9 m 540.5 361.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 344.9 m 540.5 344.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 323.9 m 344.5 323.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 323.9 m 393.5 323.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 323.9 m 442.5 323.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 323.9 m 491.5 323.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 323.9 m 540.5 323.9 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 352.60 561.85 Td (For the ) Tj ET Q q 0 0 0 rg BT 383.45 561.85 Td (Three Months ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.40 552.85 Td (Ended December 31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.95 561.85 Td (For the ) Tj ET Q q 0 0 0 rg BT 518.80 561.85 Td (Y) Tj ET Q q 0 0 0 rg BT 523.98 561.85 Td (ear ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.40 552.85 Td (Ended December 31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 539.52 Td (\($ millions except share data\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 367.75 539.52 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.75 539.52 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.75 539.52 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.75 539.52 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 518.52 Td (Consolidated adjusted earnings ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 217.88 523.29 Td (\(1\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 372.95 518.52 Td (101) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.95 518.52 Td (108) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.95 518.52 Td (365) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.95 518.52 Td (355) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 501.52 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 222.87 506.29 Td (\(2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.75 501.52 Td (\(7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.65 501.52 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 501.52 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.50 501.52 Td (65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.65 501.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 485.52 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 208.40 490.29 Td (\(2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.65 485.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 485.52 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 477.65 485.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 485.52 Td (\(39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 485.52 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 467.52 Td (Proceeds from termination of PP) Tj ET Q q 0 0 0 rg BT 218.76 467.52 Td (A) Tj ET Q q 0 0 0 rg BT 224.88 467.52 Td ( ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 227.66 472.29 Td (\(2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.65 467.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 467.52 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 477.65 467.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.50 467.52 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 449.52 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 205.62 454.29 Td ( \(2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.65 449.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.50 449.52 Td (46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.65 449.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.50 449.52 Td (46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 433.52 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 75.00 421.52 Td (commodity contracts ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 169.47 426.29 Td (\(2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 384.05 421.52 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.05 421.52 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 482.05 421.52 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.50 421.52 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 404.52 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 185.05 409.29 Td (\(2\) \(3\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.75 404.52 Td (\(4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.65 404.52 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.15 404.52 Td (\(20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 404.52 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.50 404.52 Td (98) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 404.52 Td (\(69) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 404.52 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 387.52 Td (IT) Tj ET Q q 0 0 0 rg BT 83.71 387.52 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 205.42 392.29 Td (\(2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.75 387.52 Td (\(3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.65 387.52 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 387.52 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 473.15 387.52 Td (\(12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.65 387.52 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.65 387.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 370.52 Td (Other ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 102.79 375.29 Td (\(4\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.75 370.52 Td (\(6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.65 370.52 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 370.52 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 478.75 370.52 Td (\(6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.65 370.52 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.65 370.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 349.52 Td (Earnings attributable to Class I and Class II Shares) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 378.50 349.52 Td (83) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.95 349.52 Td (135) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.95 349.52 Td (513) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.95 349.52 Td (328) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 328.52 Td (W) Tj ET Q q 0 0 0 rg BT 84.26 328.52 Td (eighted average shares outstanding \(millions of shares\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.60 328.52 Td (1) Tj ET Q q 0 0 0 rg BT 370.16 328.52 Td (14.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.60 328.52 Td (1) Tj ET Q q 0 0 0 rg BT 419.16 328.52 Td (14.4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 462.60 328.52 Td (1) Tj ET Q q 0 0 0 rg BT 468.16 328.52 Td (14.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.60 328.52 Td (1) Tj ET Q q 0 0 0 rg BT 517.16 328.52 Td (14.4) Tj ET Q BT /F1 10.00 Tf ET BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 71.00 313.69 Td (\(1\) ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 86.00 313.69 Td (Adjusted earnings are earnings attributable to) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 204.03 309.40 Td ( ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 206.37 313.69 Td (Class I and Class II Shares ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 278.54 313.69 Td (after adjusting for the timing of revenues and expenses associated with rate-regulated activities) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 524.66 313.69 Td ( and ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 86.00 304.69 Td (unrealized gains or losses on mark-to-market forward and swap commodity contracts. ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 309.11 304.69 Td (Adjusted earnings also exclude one-time gains and losses, significant impairments, and ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 86.00 295.69 Td (items that are not in the normal course of business or a result of day-to-day operations.) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 310.98 295.69 Td (Adjusted earnings present earnings on the same basis as was used prior to adopting ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 86.00 286.69 Td (International Financial Reporting Standards \(IFRS\) - that basis being the U.S. accounting principles for rate-regulated entities - and they are a key measure used to assess ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 86.00 277.69 Td (segment performance, to reflect the economics of rate regulation and to facilitate comparability of ) Tj ET Q BT /F5 5.85 Tf ET q 0 0 0 rg BT 338.40 277.69 Td (A) Tj ET Q BT /F5 5.85 Tf ET q 0 0 0 rg BT 341.86 277.69 Td (TCO's earnings with other Canadian rate-regulated companies. ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 71.00 265.69 Td (\(2\) ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 86.00 265.69 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 /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 86.00 256.69 Td (ownership interest in ) Tj ET Q BT /F5 5.85 Tf ET q 0 0 0 rg BT 141.05 256.69 Td (Alberta PowerLine resulting in ) Tj ET Q BT /F5 5.85 Tf ET q 0 0 0 rg BT 220.16 256.69 Td (A) Tj ET Q BT /F5 5.85 Tf ET q 0 0 0 rg BT 223.63 256.69 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 /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 86.00 247.69 Td (December 31, 2019 for detailed descriptions of these adjustments and others. ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 71.00 235.69 Td (\(3\) ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 86.00 235.69 Td (In the second quarter of 2019, the Government of ) Tj ET Q BT /F5 5.85 Tf ET q 0 0 0 rg BT 215.52 235.69 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 /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 86.00 226.69 Td (is being phased in increments from July 1, 2019 to January 1, 2022. ) Tj ET Q BT /F5 5.85 Tf ET q 0 0 0 rg BT 262.98 226.69 Td (As a result of this change, the ) Tj ET Q BT /F5 5.85 Tf ET q 0 0 0 rg BT 341.45 226.69 Td (Alberta Utilities decreased deferred income taxes and increased earnings in ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 86.00 217.69 Td (the second quarter of 2019 by $106 million. ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 71.00 205.69 Td (\(4\) ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 86.00 205.69 Td (For the year ended December 31, 2019, the Company has recognized costs amounting to $6 million relating to a number of disputes arising from the T) Tj ET Q BT /F5 5.85 Tf ET q 0 0 0 rg BT 475.06 205.69 Td (ula Pipeline project. The ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 86.00 196.69 Td (Company continues to work with the involved parties to achieve a resolution of these disputes. ) Tj ET Q BT /F5 5.85 Tf ET q 0 0 0 rg BT 331.25 196.69 Td (As these costs relate to a significant non-recurring event, they are excluded from ) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 86.00 187.69 Td (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 72.00 165.00 Td (TELECONFERENCE ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 179.77 165.00 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 72.00 143.60 Td (A) Tj ET Q q 0 0 0 rg BT 78.52 143.60 Td (TCO will hold a live teleconference and webcast to discuss our year-end 2019 financial results. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 128.20 Td (Dennis DeChamplain, Executive V) Tj ET Q q 0 0 0 rg BT 239.94 128.20 Td (ice President & Chief Financial Of) Tj ET Q q 0 0 0 rg BT 404.20 128.20 Td (ficer) Tj ET Q q 0 0 0 rg BT 424.38 128.20 Td (, will discuss year-end ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 112.80 Td (2019 financial results and recent developments at 10:00 am Mountain ) Tj ET Q q 0 0 0 rg BT 414.24 112.80 Td (T) Tj ET Q q 0 0 0 rg BT 420.55 112.80 Td (ime \(12:00 pm Eastern ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 97.40 Td (T) Tj ET Q q 0 0 0 rg BT 78.31 97.40 Td (ime\) on ) Tj ET Q q 0 0 0 rg BT 117.85 97.40 Td (Thursday) Tj ET Q q 0 0 0 rg BT 162.88 97.40 Td (, February 27, 2020 at 1-800-319-4610. No pass code is required. Opening ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 82.00 Td (remarks will be followed by a question and answer period with investment analysts. Participants ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 66.60 Td (are asked to please dial-in 10 minutes prior to the start of the call and request to join the ) Tj ET Q q 0 0 0 rg BT 501.86 66.60 Td (A) Tj ET Q q 0 0 0 rg BT 508.39 66.60 Td (TCO ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 51.20 Td (teleconference. ) Tj ET Q 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 (Management invites interested parties to listen via live webcast at: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.27 741.00 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 432.00 741.00 Td ( ) Tj ET Q q 0 0 0 rg BT 468.00 741.00 Td ( ) Tj ET Q q 0 0 0 rg BT 504.00 741.00 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 725.60 Td (https://www) Tj ET Q q 0 0 0 rg BT 128.24 725.60 Td (.atco.com/en-ca/about-us/investors/events-presentations.html) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 701.20 Td (A) Tj ET Q q 0 0 0 rg BT 78.73 701.20 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 72.00 685.80 Td (the call until March 27, 2020. Please call 1-800-319-6413 and enter pass code 3943. ) Tj ET Q q 0 0 0 rg BT 486.00 685.80 Td (An archive ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 670.40 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 72.00 655.00 Td (on ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 87.29 655.00 Td (https://www) Tj ET Q q 0 0 0 rg BT 143.53 655.00 Td (.atco.com/en-ca/about-us/investors/events-presentations.html) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 443.73 655.00 Td ( within a few ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 639.60 Td (business days.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 614.65 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 0 0 rg BT 515.31 614.65 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 598.70 Td (A) Tj ET Q q 0 0 0 rg BT 78.52 598.70 Td (TCO) Tj ET Q q 0 0 0 rg BT 103.98 598.70 Td (s ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 112.54 598.70 Td (consolidated financial statements and management) Tj ET Q q 0 0 0 rg BT 365.50 598.70 Td (s discussion and analysis for the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 582.75 Td (year ended) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 127.04 582.75 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 130.10 582.75 Td (December 31, 2019) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 226.71 582.75 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 229.77 582.75 Td (will be available on the) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 340.45 582.75 Td ( ) Tj ET Q q 0 0 0 rg BT 342.90 582.75 Td (A) Tj ET Q q 0 0 0 rg BT 349.42 582.75 Td (TCO website \(www) Tj ET Q q 0 0 0 rg BT 442.94 582.75 Td (.A) Tj ET Q q 0 0 0 rg BT 452.52 582.75 Td (TCO.com\), ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 509.35 582.75 Td (via ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 566.80 Td (SEDAR \(www) Tj ET Q q 0 0 0 rg BT 139.84 566.80 Td (.sedar) Tj ET Q q 0 0 0 rg BT 169.81 566.80 Td (.com\) or can be requested from the Company) Tj ET Q q 0 0 0 rg BT 390.93 566.80 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 397.04 566.80 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 550.80 Td (W) Tj ET Q q 0 0 0 rg BT 79.48 550.80 Td (ith approximately 6,500 employees and assets of ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 267.11 550.80 Td ($22 billion) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.23 550.80 Td (, ) Tj ET Q q 0 0 0 rg BT 310.38 550.80 Td (A) Tj ET Q q 0 0 0 rg BT 315.57 550.80 Td (TCO is a diversified global holding corporation with ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 540.80 Td (investments in Structures & Logistics \(workforce housing, innovative modular facilities, construction, site support ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 530.80 Td (services, and logistics and operations management\); Energy Infrastructure \(electricity transmission, distribution, and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 520.80 Td (generation; natural gas transmission and distribution; energy storage and industrial water solutions; and electricity and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 510.80 Td (natural gas retail sales\); T) Tj ET Q q 0 0 0 rg BT 170.26 510.80 Td (ransportation \(ports and transportation logistics\); and Commercial Real Estate.More information ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 500.80 Td (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 133.3359375 499.532421875 m 194.671875 499.532421875 l s q 0 0 1 rg BT 133.34 500.80 Td (www) Tj ET Q q 0 0 1 rg BT 151.71 500.80 Td (.A) Tj ET Q q 0 0 1 rg BT 159.11 500.80 Td (TCO.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 194.67 500.80 Td (. ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 72.00 474.40 Td (Investor Inquiries:) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 176.02 474.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 450.55 Td (D.A. \(Dennis\) DeChamplain) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 207.72 450.55 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 435.70 Td (Executive V) Tj ET Q q 0 0 0 rg BT 129.88 435.70 Td (ice President &) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 203.87 435.70 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 420.85 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 159.23 420.85 Td (ficer) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 180.01 420.85 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 406.00 Td (403-292-7502) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 140.50 406.00 Td ( ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 72.00 379.60 Td (Media Inquiries) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 159.35 379.60 Td (:) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 163.01 379.60 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 355.75 Td (Spencer Forgo) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 144.76 355.75 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 340.90 Td (Manager) Tj ET Q q 0 0 0 rg BT 114.81 340.90 Td (, Corporate Communications & ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 268.26 340.90 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 326.05 Td (Public ) Tj ET Q q 0 0 0 rg BT 104.41 326.05 Td (Af) Tj ET Q q 0 0 0 rg BT 114.60 326.05 Td (fairs) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 135.38 326.05 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 311.20 Td (403-333-3239) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 140.50 311.20 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 72.00 288.25 Td (Forward-Looking Information:) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 157.66 288.25 Td ( ) Tj ET Q BT /F5 6.00 Tf ET q 0 0 0 rg BT 72.00 279.65 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 /F5 6.00 Tf ET q 0 0 0 rg BT 72.00 273.05 Td (words such as anticipate, plan, estimate, expect, may, will, intend, should, and similar expressions. ) Tj ET Q BT /F5 6.00 Tf ET q 0 0 0 rg BT 367.76 273.05 Td ( ) Tj ET Q BT /F5 6.00 Tf ET q 0 0 0 rg BT 72.00 262.45 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 /F5 6.00 Tf ET q 0 0 0 rg BT 72.00 255.85 Td (in such forward-looking information.) Tj ET Q BT /F5 6.00 Tf ET q 0 0 0 rg BT 166.71 255.85 Td ( ) Tj ET Q BT /F5 6.00 Tf ET q 0 0 0 rg BT 72.00 245.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 110.91 245.25 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 /F5 6.00 Tf ET q 0 0 0 rg BT 72.00 238.65 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 463.44 238.65 Td (.) Tj ET Q BT /F5 6.00 Tf ET BT /F5 6.00 Tf ET q 0 0 0 rg BT 72.00 228.05 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 /F5 6.00 Tf ET q 0 0 0 rg BT 72.00 221.45 Td (correct and such forward-looking information should not be unduly relied upon. ) Tj ET Q BT /F5 6.00 Tf ET q 0 0 0 rg BT 282.12 221.45 Td ( ) Tj ET Q BT /F5 6.00 Tf ET q 0 0 0 rg BT 72.00 210.85 Td (Any forward-looking information contained in this news release represents the Company) Tj ET Q q 0 0 0 rg BT 307.01 210.85 Td (s expectations as of the date hereof, and is subject to change after such date. The ) Tj ET Q BT /F5 6.00 Tf ET q 0 0 0 rg BT 72.00 204.25 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 /F5 6.00 Tf ET q 0 0 0 rg BT 72.00 197.65 Td (required by applicable securities legislation. ) Tj ET Q BT /F5 6.00 Tf ET q 0 0 0 rg BT 189.40 197.65 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>|;