June 18, 2013 – Following its announcement earlier today that it has commenced a public offering of limited partnership units (“L.P. units”), Brookfield Renewable Energy Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable”) has provided the following preliminary outlook for its second quarter ended June 30, 2013.
Seasonal inflows and wind conditions across the portfolio are expected to result in generation approximating long-term average (“LTA”) levels. Accordingly, Brookfield Renewable expects total generation in the second quarter of 2013 to approximate 6,151 gigawatt hours (GWh), as compared to LTA of 6,171 GWh, and generation of 4,101 GWh in the second quarter of 2012.
The table below summarizes expected generation by segment and region as at the date of this release:
Preliminary Outlook – Q2 2013 Generation
|
|
Generation (GWh) |
Variance of Results |
|||
|
For the three months ended June 30 |
Preliminary 2013 |
Actual 2012 |
LTA 2013 |
Preliminary 2013 vs. LTA |
Preliminary 2013 vs. Actual 2012 |
|
Hydroelectric generation |
|
|
|
|
|
|
United States |
2,820 |
1,619 |
2,829 |
(9) |
1,201 |
|
Canada |
1,489 |
986 |
1,461 |
28 |
503 |
|
Brazil(1) |
903 |
811 |
903 |
- |
92 |
|
|
5,212 |
3,416 |
5,193 |
19 |
1,796 |
|
Wind Energy |
|
|
|
|
|
|
United States |
439 |
221 |
468 |
(29) |
218 |
|
Canada |
304 |
246 |
292 |
12 |
58 |
|
|
743 |
467 |
760 |
(17) |
276 |
|
Other |
196 |
218 |
218 |
(22) |
(22) |
|
Total generation(2) |
6,151 |
4,101 |
6,171 |
(20) |
2,050 |
|
|
|
|
|
- |
50% |
|
(1) In Brazil, assured generation levels are used as a proxy for long-term average. (2) Includes 100% of generation from equity-accounted investments. |
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