Utilities & Independent Power

DBRS Places Fortis Inc. Under Review with Developing Implications Following CH Energy Group Inc. Acquisition Announcement	Feb 21, 2012
DBRS Finalizes BBB (high) Rating on BRP Finance ULC Senior Unsecured Notes	Feb 16, 2012
DBRS Rates Capital Power L.P. MTN Offering at BBB with a Stable Trend	Feb 16, 2012
DBRS Updates Report on AltaLink Investments, L.P.	Feb 15, 2012
DBRS Updates Report on AltaLink, L.P.	Feb 15, 2012
DBRS Updates Its Report on British Columbia Hydro & Power Authority	Feb 14, 2012
DBRS Updates Its Report On FortisAlberta Inc.	Feb 7, 2012
DBRS Primer on Canadian Leveraged Finance Ratings, Issue 2: Frequently Asked Questions	Feb 6, 2012
DBRS Updates Its Report on Capital Power Income L.P.	Jan 31, 2012
DBRS Rates BRP Finance ULC Senior Unsecured Notes at BBB (high)	Jan 31, 2012

AltaLink Investments, L.P.	Feb 15, 2012
AltaLink, L.P.	Feb 15, 2012
British Columbia Hydro & Power Authority	Feb 14, 2012
FortisAlberta Inc.	Feb 7, 2012
Capital Power Income L.P.	Jan 31, 2012
Electricity Distributors Finance Corporation	Jan 31, 2012
ENMAX Corporation	Jan 26, 2012
Union Gas Limited	Jan 24, 2012
Newfoundland Power Inc.	Jan 24, 2012
Hydro Ottawa Holding Inc.	Jan 23, 2012

Issuer	Debt Rated	Action	Rating	Trend	Date
Fortis Inc.	Unsecured Debentures	Under Review - Developing	A (low)	--	Feb 21, 2012
Fortis Inc.	Preferred Shares	Under Review - Developing	Pfd-2 (low)	--	Feb 21, 2012
PowerStream Inc.	Issuer Rating	Confirmed	A	Stb	Jan 31, 2012
Enwin Utilities Ltd.	Issuer Rating	Confirmed	A (low)	Stb	Jan 31, 2012
Electricity Distributors Finance Corporation	Series 2002-1 Certificates	Confirmed	A (low)	Stb	Jan 31, 2012
ENMAX Corporation	Commercial Paper	Confirmed	R-1 (low)	Stb	Jan 26, 2012
ENMAX Corporation	Unsecured Debentures	Confirmed	A (low)	Stb	Jan 26, 2012
Union Gas Limited	Commercial Paper	Confirmed	R-1 (low)	Stb	Jan 24, 2012
Union Gas Limited	Cumulative Redeemable Preferred Shares	Confirmed	Pfd-2	Stb	Jan 24, 2012
Union Gas Limited	Unsecured Debentures/Medium-Term Note Debentures	Confirmed	A	Stb	Jan 24, 2012

DBRS Corporate 2011 Year in Review and 2012 Outlook	Jan 10, 2012
The Canadian Short-Term Debt Market � 2010	Apr 7, 2011
2010 DBRS Corporate Rating Transition and Default Study	Mar 31, 2011
DBRS Corporate 2010 Year in Review and 2011 Outlook	Jan 20, 2011
Canadian Private Pension Plans in 2009 � Performance Maintained, Challenges Remain	Jun 17, 2010
The Canadian Short-Term Debt Market - 2009	Apr 14, 2010
2009 DBRS Corporate Rating Transition and Default Study	Mar 30, 2010
Recent Regulatory Developments for Canadian Pipeline and Utility Companies	Feb 10, 2010
DBRS Corporate 2009 Year in Review and 2010 Outlook	Feb 3, 2010
Great Recession: 2010 & Beyond Outlook: Presentation Slides	Oct 27, 2009