Gaz Métro Limited Partnership announced unaudited earnings results for the second quarter and six months ended March 31, 2013. For the quarter, the company announced revenues of $782.0 million compared to $679.0 million for the same period a year ago. Net income attributable to partners was $115.8 million compared to $106.3 million for the same period a year ago. Cash flows related to operating activities was $259.4 million compared to $245.5 million for the same period a year ago. Purchases of property, plant and equipment was $58.7 million compared to $58.2 million for the same period a year ago. For the six months, the company announced revenues of $1,404.8 million compared to $1,215.6 million for the same period a year ago. Net income attributable to partners was $198.3 million compared to $161.1 million for the same period a year ago. Cash flows related to operating activities was $326.3 million compared to $325.7 million for the same period a year ago. Purchases of property, plant and equipment was $173.3 million compared to $176.2 million for the same period a year ago. An 8.90% rate of return on common equity authorized by the Régie de l'énergie for natural gas distribution activities in Quebec for fiscal 2013. Increase in revenue was mainly to the June 2012 acquisition of CVPS.

Boralex Inc., Gaz Métro Limited Partnership, and Valener Inc. announced that the Quebec Ministry of Sustainable Development, Environment, Wildlife and Parks has issued the environmental authorization for the Seigneurie de Beaupr - 4 wind farm, a project with an installed capacity of 68 MW located in the C te-de-Beaupr region. With the environmental approval stage now behind them, the developers can move ahead with the applications for construction permits and arranging financing with financial institutions. The Seigneurie de Beaupr wind farms are divided into two phases: a first 272 MW phase that will start up by late 2013 and a second 68 MW phase, for which construction will start as soon as possible now that the authorization has been received from the Ministry. Located on land owned by the Séminaire de Québec, 15 km north of St-Tite-des-caps and 60 km northeast of Quebec City, these projects will generate enough electricity to supply more than 60,000 households.

Gaz Métro Limited Partnership announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2012. For the quarter, revenues were $679.0 million against $734.5 million a year ago. Net income attributable to the Partners of Gaz Metro was $106.3 million or $0.85 per basic and diluted share against $108.2 million or $0.86 per basic and diluted share for the same period a year ago. Cash flows related to operating activities was $245.5 million and purchases of property, plant and equipment was $58.2 million against cash flows related to operating activities of $236.9 million and purchases of property, plant and equipment of $30.6 million a year ago. The decrease in net income were due, among others, to lower net income from the natural gas distribution activity in Quebec (as explained below), lower net income from the Energy Services and Other segment as the interests in MTO Telecom Inc. and Aqua Data Inc. were sold in fiscal 2011, and unfavourable non-recurring items in the Corporate Affairs and Other segment. For the six months, revenues were $1,215.6 million against $1,312.3 million a year ago. Net income attributable to the Partners of Gaz Metro was $161.1 million or $1.28 per basic and diluted share against $168.9 million or $1.34 per basic and diluted share for the same period a year ago. Cash flows related to operating activities was $325.7 million and purchases of property, plant and equipment was $176.2 million against cash flows related to operating activities of $312.8 million and purchases of property, plant and equipment of $77.3 million a year ago.