Earnings for the fourth quarter were $3.2 million, an increase of $0.7 million from 2005. The growth in earnings from the acquisition of the Wind Power assets and growth within the Saskatchewan System was partially offset by lower earnings from Alliance Canada due to the reduction in the equity return as a result of a depreciating investment base and a reduction in the recovery of notional taxes due to tax rate changes substantively enacted during the second quarter. In addition, Corporate costs were higher in the fourth quarter primarily due to interest expense on the credit facility drawn to finance the wind power asset acquisition.

Cash provided by operating activities for the fourth quarter was $13.5 million, compared to $5.2 million for the three months ended December 31, 2005. The increase is primarily due to changes in operating assets and liabilities in the period. Cash used in investing activities increased over the same period in 2005 from $7.0 million in 2005 to $67.3 million in the three months ended December 31, 2006, as a result of the Wind Power acquisition, the Saskatchewan System expansion and the construction of the NRGreen Kerrobert facility. Financing activities in the current quarter primarily consisted of the draw on the credit facility to fund the Wind Power acquisition, repayments on non-recourse debt, and ordinary and subordinated unit distributions.