| Environmental Performance |
| Profile |
Industry Outlook |
Our Focus |
- Fuel mix of coal (58%), natural gas (29%) and hydro and renewables (13%)
- 21.9 million tonnes of coal mined
- 122.1 million gigajoules (GJ) of gas consumed
- Significant emitter of carbon dioxide
- Large regional emitter of sulphur dioxide, nitrogen oxides and mercury
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- Environmental pressures continue to drive industry focus toward natural gas, renewables and clean coal technology
- With Kyoto implementation deadline in 2008, industry faces carbon-constrained business environment
- Mercury emissions from coal-fired generation pose scientific and environmental challenges for industry
- Greater demand from stakeholders for corporate accountability for environmental and social performance
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- Reduce exposure to energy input prices and climate change risks by continuing to diversify our fuel mix
- Grow our renewable capacity to 10% of our portfolio by 2010, with a short-term focus on wind power
- Partner with other utilities to develop clean coal technology, which has the potential to eliminate all emissions from coal-fired electricity
- Partner with other utilities to support development and testing of mercury emission control technologies
- Continue to be a leader in the use of market-based approaches such as emissions trading to meet greenhouse gas goals
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Economic Performance |
| Profile |
Industry Outlook |
Our Focus |
- 8,337 MW of capacity
- 54,560 gigawatt hours produced at average plant availability of 89%
- $1 per share dividend
- Cash flow to debt ratio: 18.5%
- Regional economic benefits in Alberta, Ontario, Mexico, Washington state, and Western Australia
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- Current conditions continue to favour low-cost producers with strong balance sheets
- Industry-wide focus on improving financial strength by reducing debt
- Prudent fiscal management continues to be critical in medium term and long term
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- Maximize cash flow from operating activities
- Continue to concentrate on achieving operational excellence while integrating new capacity
- Upgrade plants to improve economic performance and environmental impacts
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Social Performance |
| Profile |
Industry Outlook |
Our Focus |
- 2,505 employees
- Seven unions and 12 bargaining units in Canada, United States and Mexico
- Injury frequency rate for employees and workers of 1.69 per 200,000 hours worked
- $3 million in corporate donations and sponsorships
- A million dollar contributor to United Way
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- Strong competition among corporations for highly qualified workers
- Local stakeholders expect to be involved in business plans and activities that affect their communities
- Increasingly stakeholders base their impressions of companies on environmental impacts, labour practices, business ethics and social contributions
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- Create work environment that attracts and retains the best available talent and skills
- Set the highest standards (zero injuries) for ourselves on safety
- Support our employees' health and wellness needs
- Develop long-term, mutually supportive relationships with key not-for-profit organizations
- Encourage employees to be active contributors to their communities
- Engage with stakeholders through open and regular two-way communication and consultation
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