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Brookfield Renewable Power Fund Announces Results for Second Quarter of 2011
GATINEAU, QC, Aug. 4, 2011 /CNW Telbec/ - (BRC.UN) - Brookfield Renewable Power Fund (the "...
About this update from Brookfield Renewable Partners Lp
[{"type":"text","content":"\n\n\n\n\n\nGATINEAU, QC, Aug. 4, 2011 /CNW Telbec/ - (BRC.UN) - Brookfield Renewable Power Fund (the \"Fund\") reported today its financial and operating results for the second\n quarter ended June 30, 2011. All results are reported under\n International Financial Reporting Standards (\"IFRS\"). Additional\n information on the Fund's strategy and results can be found in its\n Letter to Unitholders and Supplemental Information at www.brpfund.com under Investor Relations/Financial Highlights.\n\n\nTotal generation in the second quarter of 2011 was 1,657 gigawatt hours\n (\"GWh\") as compared to 1,096 GWh in the second quarter of 2010 and a\n long-term average of 1,776 GWh. At quarter-end, reservoirs in each\n region were above their usual levels for this time of year, leaving the\n Fund well positioned for the second half of the year. Wind generation\n of 150 GWh included 37 GWh from the recently commissioned Gosfield Wind\n farm, which was in line with expectations.\n\n\n\n\n\nFINANCIAL AND OPERATING HIGHLIGHTS\n\n\nUnaudited\n\n\nThree months ended June 30\n\n\nSix months ended June 30\n\n\nCDN $ millions, except otherwise noted\n\n\n2011\n\n\n2010\n\n\n2011\n\n\n2010\n\n\nRevenues\n\n\n\n\n\n$ 91.3\n\n\n$ 49.9\n\n\n$175.4\n\n\n$145.1\n\n\nNet Operating Cash Flow\n\n\n\n\n\n 46.3\n\n\n15.8\n\n\n92.4\n\n\n67.3\n\n\nDistributions to Unitholders\n\n\n\n\n\n 34.1\n\n\n34.0\n\n\n68.1\n\n\n67.6\n\n\nPer unit ($)\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet Operating Cash Flow\n\n\n\n\n\n0.44\n\n\n0.15\n\n\n0.88\n\n\n0.64\n\n\nDistributions to Unitholders\n\n\n\n\n\n0.33\n\n\n0.33\n\n\n0.65\n\n\n0.65\n\n\nPower generated (GWh)\n\n\n\n\n\n1,657\n\n\n1,096\n\n\n3,157\n\n\n2,757\n\n\nAverage price ($/MWh)\n\n\n\n\n\n65\n\n\n62\n\n\n66\n\n\n64\n\n\nNote: Under IFRS, the Fund no longer consolidates the results of the\n Prince Wind farm, Powell River and the Pingston Hydro joint venture,\n which are held through 50%-owned subsidiaries. These assets are\n accounted for using the equity-method. \n\n\nSecond quarter revenues were $91.3 million as compared to $49.9 million,\n and net operating cash flow was $46.3 million as compared with $15.8\n million in the same period last year, reflecting significantly improved\n hydroelectric generation relative to the second quarter of 2010, and\n the contribution of Gosfield Wind which entered commercial ope...