Canadian Utilities Limited Class A · TSX:CU

Canadian Utilities Limited Class A — Shareholder Meeting (2015)

14 slides from Canadian Utilities Limited Class A's shareholder meeting presentation, Dec 21, 2015

  1. Slide 1: Slide 1

  2. Slide 2: Impact of Federal Coal Regulation

    Impact of Federal Coal Regulation COL tritiies unre ME 4, ATCO company LEGISLATED RETIREMENTS COAL PLANT CAPACITY (MW) | RETIREMENT Battle River 3 149 2019 . Sundance 1 288 2019 Alberta Coal Fleet Capacity (MW) HR Milner 144 ae 7,000 Sundance 2 288 2019 6,000 | 60% Reduction by 2030 Battie River 4 1

  3. Slide 3: Future of Coal in Alberta

    Future of Coal in Alberta CS res wren Mm 4, ATCO company Coal GHG Emission Reductions 15% Reduction by 2020 62% Reduction by 2030 ya Normal Coal Plant Life Sy Federal GHG Regulation GHG Emissions (Mt) r=] 2020 2025 2030 2035 2040 2045 2050 2055 2060 itr) _ i=] N

  4. Slide 4: SO2 Emission Reductions

    SO, Emission Reductions CL es UTILITIES LIMITED Alberta Coal Fleet MEE 0 ATCO company Co-Benefit of Federal Coal GHG Regulation -— 56% Reduction by 2030 8 8 8 Yearly SO, Emissions (kt) i) i—) o 2040 2045 2050 2015 2020 2025 2030 2035 2055 2060

  5. Slide 5: NOx Emission Reductions

    NOx Emission Reductions CL es UTILITIES LIMITED Alberta Coal Fleet MEE 0 ATCO company Co-Benefit of Federal Coal GHG Regulation 90 80 54% Reduction by 2030 = 70 = 2 60 2 8B 50 & Lu & 40- = 2 30 § = 20 GHG Reg 10 0 Ww Ww i—} I<) itr] i—] =» § § € € gs 8 € 2 &

  6. Slide 6: Slide 6

  7. Slide 7: Alberta's Generation Mix: Current

    Alberta’s Electricity Fuel Sources COU tries mare Mm 4, ATCO company Current Generation Mix (%)* Total Capacity: 14,568 MW WO hydro | wind = other *As of Dec. 31, 2014 || Coal =_ Natural Gas = Co-Gen

  8. Slide 8: Current and Projected Generation Mix

    Alberta’s Electricity Fuel Sources COU tries mare ME 4, ATCO company Current and Projected Generation Mix (%) Total Capacity: 14,568 MW Total Capacity: 24,953 MW AESO Forecast 2034 |__| Hydro *As of Dec. 31, 2014 || Coal =_ Natural Gas Co-Gen

  9. Slide 9: Natural Gas Price Volatility

    Natural Gas Price Volatility COL critics are An ATCO company Average Natural Gas Price Jan 2000 - Jan 2015 ($/GJ) $12 $10 $8 $6 $4 $2 $0 2002 2004 2006 2008 2010 2012 2014

  10. Slide 10: Slide 10

  11. Slide 11: Current and Projected Generation Mix

    Alberta’s Electricity Fuel Sources COU tries mare ME 4, ATCO company Current and Projected Generation Mix (%) Total Capacity: 14,568 MW Total Capacity: 24,953 MW AESO Forecast 2034 |__| Hydro *As of Dec. 31, 2014 || Coal =_ Natural Gas Co-Gen

  12. Slide 12: Vision for a high voltage backbone for Alberta

    Alberta's Electricity Fuel Sources OLS tritires Lwreo ME 4, ATCO company Canadian Utilities’ vision for a high voltage backbone for Alberta Existing Lines == 500 kV = 240 kV CU Proposed Lines - 500 kV (H) Potential Large-Scale Hydroelectric Locations

  13. Slide 13: Projected 2034 Generation Mix

    Alberta’s Electricity Fuel Sources COU tries mare ME 4, ATCO company Projected 2034 (%) Total Capacity: 24,953 MW AESO forecast ATCO proposed Co-Gen |__| Hydro

  14. Slide 14: Slide 14

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