(R)Evolution 2009-2050: Transforming Energy

Alberta TIER (1) program Significantly reducing carbon emissions AB electricity sector emissions (MT) (2) 60 47.7 50 40 31 30 26.2 20 10 0 2005 2019 Avoided Emissions Current TIER @ $170/t =17.8 Avoided Emissions from CCS = 3.0 8.4 2021 2030 . TIER program driving down carbon emissions in a meaningful way Alberta government supportive of TIER program Carbon prices per tonne will rise annually and post-2030, intensity standards will also tighten Genesee 1 and 2 repowering projects are robust and resilient to increasingly stringent carbon pricing frameworks (1) Technology Innovation and Emissions Reduction Regulation (2) Capital Power projections 20

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