| Asset Type | Energy Infrastructure |
| Status | Operational (COD in 1884) |
| Asset Description | Upper Peninsula Power Company (UPPCO) is the largest electric utility in Michigan’s Upper Peninsula serving 53,000 electric customers in the region. UPPCO’s asset base is comprised solely of generation and distribution assets, including 4,500 distribution line miles, 50 substations, and 57MW of owned generating capacity coming largely from seven hydroelectric facilities located in the Upper Peninsula. UPPCO also plans to begin building a 60MW utility scale solar asset in 2022. The Company is rate-regulated by the Michigan Public Service Commission. |
| Asset Revenues | Rate base revenue mechanism paid by residential, industrial, commercial and municipal electricity customers in its service territory. |
| Counterparties | Michigan Public Service Commission |
| Asset Type | Transportation Infrastructure |
| Status | Operational |
| Project Description | Largest container terminal operator at the Port of Montreal, Montreal Gateway Terminals operates two of the Port’s four international terminals. In 2018, the container volume totaled 900,000 TEU.1 |
| Asset Revenues | Container handling revenues, with rates ($/container basis) determined in medium-term contracts with each shipping line |
| Key Stakeholders | Lease: Port of Montreal |
| 1TEU stands for twenty-foot equivalent container units. |
| Asset type | Social Infrastructure (long-term care facilities) |
| Status | Operational |
| Asset Description | 92.5% equity interest in a portfolio of 16 long-term care facilities in operation, representing 2,418 beds located in Ontario. AgeCare is the operator and owns the balance of the equity ownership interest in the portfolio. |
| Asset Revenues | LTC facilities are licensed, regulated and funded by the provincial governments. The provincial governments subsidize the care, programs, supplies and accommodation costs of the residents, who are also typically subject to a co-payment. The funding rates paid by the government and the residents to the operators are set on an annual basis by the Ontario Ministry of Long-Term Care. |
| Counterparty | Regulator: Ontario Ministry of Long-Term Care |
| Asset Type | Energy Infrastructure |
| Status | Operational (COD in December 2015) |
| Asset Description | 150 MW wind project utilizing Vestas turbine technology, with turbine and Balance of Plant (BOP) operations and maintenance services provided by Vestas and EDF Renewable Services. |
| Asset Revenues | 100% of power produced is sold under a 20 year term Power Purchase Agreement (PPA). |
| Counterparty | Kansas City Power & Light |
| PPA Expiry | 2036 (20 years following COD) |
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