Abbreviations and acronyms that are not defined in this MD&A are defined in the glossary in our 2012 Annual Report.
All information is as of April 25, 2013 and all amounts are in Canadian dollars, unless noted otherwise.
We disclose forward-looking information to help current and potential investors understand management's assessment of our future plans and financial outlook, and our future prospects overall.
Statements that are forward-looking are based on certain assumptions and on what we know and expect today and generally include words like anticipate, expect, believe, may, will, should, estimate or other similar words.
Forward-looking statements in this MD&A may include information about thefollowing, among other things:-- anticipated business prospects-- our financial and operational performance, including the performance of our subsidiaries-- expectations or projections about strategies and goals for growth and expansion-- expected cash flows-- expected costs for planned projects, including projects under construction and in development-- expected schedules for planned projects (including anticipated construction and completion dates)-- expected regulatory processes and outcomes-- expected impact and changes required as a result of regulatory outcomes-- expected outcomes with respect to legal proceedings, including arbitration-- expected capital expenditures and contractual obligations-- expected operating and financial results-- the expected impact of future commitments and contingent liabilities-- expected industry, market and economic conditions.
Forward-looking statements do not guarantee future performance. Actual events and results could be significantly different because of assumptions, risks or uncertainties related to our business or events that happen after the date of this MD&A.
Our forward-looking information is based on the following key assumptions, and subject to the following risks and uncertainties:
Assumptions-- inflation rates, commodity prices and capacity prices-- timing of financings and hedging-- regulatory decisions and outcomes-- foreign exchange rates-- interest rates-- tax rates-- planned and unplanned outages and the use of our pipeline and energy assets-- integrity and reliability of our assets-- access to capital markets-- anticipated construction costs, schedules and completion dates-- acquisitions and divestitures.Risks and uncertainties-- our ability to successfully implement our strategic initiatives-- whether our strategic initiatives will yield the expected benefits-- the operating performance of our pipeline and energy assets-- amount of capacity sold and rates achieved in our pipeline businesses-- the availability and price of energy commodities-- the amount of capacity payments and revenues we receive from our energy business-- regulatory decisions and outcomes-- outcomes of legal proceedings, including arbitration-- performance of our counterparties-- changes in the political environment-- changes in environmental and other laws and regulations-- competitive factors in the pipeline and energy sectors-- construction and completion of capital projects-- labour, equipment and material costs-- access to capital markets-- interest and foreign exchange rates-- weather-- cybersecurity-- technological developments-- economic conditions in North America as well as globally.