INTERNATIONAL PROGRAMS

The market for electric transportation also gained momentum, and nowhere was it more evident than in China, where more than 750,000 vehicles were sold and connected to the energy grid last year alone.

In every region, member companies are playing an important role in bringing new technologies and energy services to customers as a central component of building smarter communities and smarter cities.

In 2018, EEI will continue to actively engage with our members on critical issues such as economy-wide electrification; evolving regulatory frameworks and markets; new customer expectations; investments in infrastructure; workforce development; technology adoption; and innovation. We continue to create opportunities for our members to gain strategic insight about mega trends such as urbanization, population growth, hyper-connectivity, digitalization, and demographics. Thank you for your continued investment, involvement, and support of EEI’s mission.

-The International Programs Team

Dear Valued EEI Member,

Last year, our industry recorded an impressive list of accomplishments that demonstrate our shared commitment to innovation and to our customers. Electric companies continued to make investments in safe, reliable, and increasingly clean energy and smarter energy infrastructure.

Worldwide, electric companies invested USD 718 billion in 2017 in new network infrastructure and generation capacity. In the United Kingdom, it was the country’s “greenest” year. Renewable energy provided an increasing share of generation and cut the sector’s carbon emissions in half compared to 2012.

Across North America and the Caribbean, our companies responded to an unprecedented series of natural disasters by putting mutual assistance programs into action to restore power to customers and to assist neighboring companies with recovery efforts.

EEI International Programs staff and 2018 Thomas Edison International Utility Executive Fellows [L to R]: Maria-Albertina Veiga, Ken Suzuki (Fellow), Jessica McDonald, Lawrence Jones, Kim Mitchell, Daniel Noll, Ji-Eun Hur (Fellow), Adrienne Crutchfield.

2017 Annual Report

Strategic Initiatives

2 Initiatives, 4 MOUsEEI launched the Africa Utility Power Sector Exchange and the Thomas Edison International Utility Executive Fellowship. Cooperative MOUs were also signed with four associations in Africa, India, and the Gulf Coast.

Membership Development

8New International Members:

Digital Platforms

Monthly Newsletter

4,500More than 4,500 members and industry stakeholders subscribed to the International Programs Newsletter.

Member Viewpoint Survey

50%Thirty-four of 68 member companies

participated in a Global Survey on Vehicle Electrification

Events and Strategic Dialogues

EEI International Programs achieved several notable milestones in 2017. Investments in new partnerships, technology platforms, and staff will deliver valued member services and enable program growth in 2018 and beyond.

Compagnie Ivoirienne d’Electricité, Dominica

Electricity Services, ENMAX, Orion New

Zealand, Power Assets Holdings, Transpower

New Zealand, Unison Networks, Vector Ltd.

2017 Accomplishments

International Programs held four major events that convened more than 200 attendees, and hosted more than 35 international members at EEI Headquarters.

International Programs presented 13 webinars for more than 400 registered attendees, and launched a Youtube Channel with more than 500 views.

Global Outreach

50International Programs participated in more than 50 event on behalf of EEI and EEI international member companies.

Member Services

EEI responded to more than 100 member requests to gather information, facilitate industry connections, and provide other essential member services.

Member Awards

Six international members received EEI awards for 2017 accomplishments and company performance.

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¡ EEI launched the Thomas Edison International Utility Executive Fellowship Program, a professional development and research opportunity for mid-career executives of EEI international member companies. Inaugural fellows Ken Suzuki (J-Power) and Ji-Eun Hur (KEPCO), will spend one year in Washington, DC, as part of the research, training, and mentorship program.

¡ EEI and the U.S. Department of State launched the Africa Utility Power Sector Exchange (AUPSE). AUPSE is a senior executive knowledge exchange and peer-to-peer networking platform created to advance operational excellence in the African electric power sector.

¡ A redesign of the International Programs website simplifies access to member resources and program information. Visit eei.org/international to learn more.

¡ EEI International Programs also developed several new and improved digital platform, including a new monthly newsletter, improved webinar functionality, a redesigned Global Utilities Platform, the launch of a YouTube Channel, and greater social media engagement.

¡ Several international member CEOs, including Barry Perry of Fortis Inc., Brian Vaasjo of Capital Power, and Éric Martel of Hydro-Québec wrote feature columns in EEI’s Electric Perspectives.

¡ EEI staff traveled to more than a dozen countries to meet with company executives and hold strategic dialogues on a diverse range of critical industry topics.

¡ EEI and its member companies responded to a historic year of natural disasters, working to restore power in challenging conditions and to provide assistance to affected regions such as Mexico, Puerto Rico, and the Caribbean.

Highlights & Important Developments

[L to R]: John Colella, Managing Director, Moelis & Company; Simon Mackenzie, CEO, Vector Ltd.; John Kousinioris, Chief Legal and Compliance Officer, TransAlta Corporation; Mayo Schmidt, President and CEO, Hydro One Ltd.; and Jarret Carson, Managing Director, EnerTech Capital; participating in a panel on “Attracting Investors in a Time of Industry Transformation” at the 2017 International Executive Utility Summit, April 2017.

¡ To support regional cooperation and stakeholder engagement, EEI established Memorandums of Understanding with the Association of Public Utilities in Africa (APUA), the Global Energy Interconnection Development and Cooperation Organization (GEIDCO), the Gulf Cooperation Council Interconnection Authority (GCCIA), and the India Smart Grid Forum (ISGF).

¡ More than 100 international electric company executives, association leaders, and government officials met in Washington in April for EEI’s 2nd Annual International Executive Utility Summit. The event focused on strategies for delivering value to customers and creating the energy infrastructure and regulatory framework the industry will need for the future. The 2018 event will convene April 11.

¡ Three international companies received recognition as recipients of the EEI Asia-Oceania Index Award (formerly Asia Index Award), given to Asian and Oceanian electric companies that have achieved the highest total shareholder return in the large-, mid-, and small-capitalization categories:

– Korea Electric Power Co., Platinum Award, Large-Cap

– AGL Energy Ltd., Platinum Award, Mid-Cap

– Vector Ltd., Platinum Award, Small-Cap

¡ Tohoku E lec tr ic Power received EEI ’s 2017 International Edison Award , the electric power industry’s most prestigious honor. A panel of former energy company chief executives selected Tohoku for its Shin-Sendai Thermal Power Station Replacement project. After a 2011 earthquake severely damaged the Shin-Sendai Thermal Power Station, the plant resumed commercial operation ahead of schedule.

2018 ANNUAL REPORT | 3

¡ In June, EEI presented the Emergency Recovery Awards to FirstEnergy (March windstorm); Hydro One Networks Inc. (March 2016 winter storm); Kansas City Power & Light Company (March thunderstorm and tornadoes); National Grid (March windstorm and winter storm Stella); Otter Tail Power (Christmas Day winter storm); Pacific Gas and Electric Company (January and February continuous winter storms); and Xcel Energy (winter storm Jupiter).

¡ EEI International Programs added three new staff members: Daniel Noll (Senior Manager), Jessica McDonald (Manager), and Kim Mitchell (Senior Executive Assistant and Coordinator).

¡ Throughout 2017, EEI led an industry-wide conversation on energy storage and advocated that electric companies should be able to own and operate storage for the benefit of customers.

¡ EEI hosted a Smart Community Boot Camp in October attended by more than 90 EEI member companies to help educate and inform companies’ smart community goals.

¡ A delegation of EEI’s leadership and member company executives participated in the COP-23 climate change meetings in Bonn, Germany, and highlighted the importance of electric vehicles and electrification.

¡ EEI launched a public pilot ESG/sustainability reporting template to provide investors with more uniformity and better consistency for ESG/sustainability metrics.

¡ EEI continued to drive adoption of its customer-focused language research project, known as the Lexicon Project, and expanded research to address rate design.

¡ Under the leadership of EEI Chairman and PNM Resources Chairman, President and CEO Pat Vincent-Collawn, EEI launched an industry-wide Diversity and Inclusion initiative and hosted an October forum to share best practices on workforce diversity and inclusion.

[L to R]: Mr. Urban Rid, Director General, German Economic and Energy Ministry and Lawrence Jones, EEI Vice President for International Programs at EEI headquarters in Washington, DC.

Altalink CEO Scott Thon offering remarks during the 2017 International Executive Utility Summit.

Delegates, speakers, and participants at the launch event of the U.S.-Africa Utility Power Sector Exchange in April 2017.

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2018 Outlook

Plan Now to Attend EEI’s Largest Gathering of International Member Company Executives

The Global Electrification Forum is an invitation-only gathering of electric company executives to discuss cutting-edge topics shaping today’s global electricity markets.

India Smart Grid Week DELHI , INDIA

Future of Utilities Summit 2018 LONDON, UNITED KINGDOM

Power & Electricity World Africa 2018 JOHANNESBURG, SOUTH AFRICA

EEI Global Electrification Forum WASHINGTON, DC, UNITED STATES

2nd Annual Africa Utility Power Sector Exchange Event WASHINGTON, DC, UNITED STATES

Global Roundtable on Financing Grid Infrastructure for the Energy Transition BRUSSELS, BELGIUM

Africa Utility Week CAPE TOWN, SOUTH AFRICA

9th Clean Energy Ministerial COPENHAGEN, DENMARK

EEI Annual Convention SAN DIEGO, CA , UNITED STATES

MARCH 5 - 9

MARCH 20 - 21

MARCH 27 - 28

APRIL 11

APRIL 12

APRIL 19

MAY 15 - 17

MAY 23 - 24

JUNE 4 - 5

UPCOMING GLOBAL & REGIONAL EVENTS Mark your calendars for these important events in the first half of 2018, and let us know if you plan to attend.

ACTIVITIES & MEMBER ENGAGEMENT In 2018, EEI International Programs will continue to provide member companies with global advocacy, strategic business intelligence, and a platform for industry dialogue and collaboration.

GLOBAL UTILITIES PLATFORM ADVISORY COMMITTEES

CONFERENCES & EVENTS NETWORKING & P2P DIALOGUE

WEBINARS & PODCASTS ANALYSIS & REPORTS

Access the EEI Global Utilities Platform to communicate with other member companies; receive topic-specific notifications of recent reports and activities; access key reports, studies, and white papers; and track important dates and upcoming events.

New in 2018, EEI is establishing Regional Advisory Committees to facilitate greater dialogue among member company executives and opportunities for engagement with EEI in the development of work products and activities.

Join EEI for global and regional dialogue events, workshops and seminars on topics such as electrification, disaster preparedness, operational performance, infrastructure investment, customer solutions, and market design.

Facilitating in-person and virtual industry connections and networking opportunities is one of the most requested member benefits.

EEI will continue to promote member company innovations and new ideas on the future of the electric power industry through regular webinars, videos, and audio interviews.

Company surveys, market analysis, case studies, and other written materials that provide insight into the current trends and future trajectory of global electricity markets.

2018 ANNUAL REPORT | 5

[L to R]: Association of Power Utilities of Africa CEO Abel Tella and EEI President Tom Kuhn.

[L to R]: Prof. James Momoh, Howard University and William Amuna, former CEO, GridCo.

[L to R]: Kansai Electric Senior Executive Officer Ikuo Morinaka and EEI President Tom Kuhn.

SaskPower CEO Mike Marsh speaking at the 2017 International Executive Utility Summit.

EEI President Tom Kuhn and Retired EEI Executive Vice President David Owens with Dr. Tawfiq-e-Elahi Chowdhury, Honorable Adviser to the Prime Minister for the Power, Energy and Mineral Resources Affairs, and delegates from the Republic of Bangladesh.

[L to R]: Association of Power Utilities of Africa CEO Abel Tella; APUA President and ZESCO Managing Director Victor Mundendo; and EEI Vice President for International Programs Lawrence Jones at the 19th APUA Convention in Livingstone, Zambia.

[L to R]: EEI Vice President for International Programs Lawrence Jones and J-POWER President Toshifumi Watanabe.

6 | EEI INTERNATIONAL PROGRAMS

Africa / Middle East

AES - South Africa Compagnie Ivoirienne d’Electricité (CIE) - Ivory Coast

Gulf Cooperation Council Interconnection Authority (GCCIA) - Saudi Arabia

Irbid District Electricity (IDECO) - Jordan

AsiaAES - Philippines CESC Ltd. - India Chubu Electric Power - Japan

J-Power - Japan Kansai Electric Power - Japan Korea Electric Power (KEPCO) - Korea

Power Assets Holdings - Hong Kong State Grid Corporation of China (SGCC) - China Tohoku Electric Power - Japan

Tokyo Electric Power (TEPCO) - Japan

Australia / New ZealandErgon Energy - Australia Jemena - Australia Orion New Zealand Ltd. - New Zealand

Powerco Ltd. - New Zealand SA Power Networks - Australia TasNetworks - Australia

Transpower New Zealand Ltd. - New Zealand Unison Networks Ltd. - New Zealand United Energy and Multinet Gas - Australia

Vector Ltd. - New Zealand Wellington Electricity - New Zealand

EuropeAES - The Netherlands EDF - France EDP - Portugal

ESB - Ireland Iberdrola - Spain National Grid - United Kingdom

Red Eléctrica de España - Spain UK Power Networks - United Kingdom

Latin America and the CaribbeanBelize Electricity - Belize Bermuda Electric Light (BELCO) - Bermuda Caribbean Utilities - Cayman Islands

CEMIG - Brazil Dominica Electricity Services Ltd. - Island of Dominica EGE Haina - Dominican Republic

FortisTCI - Turks and Caicos Islands Jamaica Public Service (JPS) - Jamaica St. Lucia Electricity Services (LUCELEC) - West Indies

St. Vincent Electricity Services (VINLEC) - West Indies

North AmericaAlectra - Canada Altalink - Canada APR Energy - United States

ATCO Electric - Canada ATCO Power - Canada Brookfield Power - Canada

Capital Power Corp. - Canada Comisión Federal de Electricidad (CFE) - Mexico Emera, Inc. - Canada

ENMAX - Canada Entegrus Powerlines - Canada Fortis, Inc. - Canada

FortisAlberta - Canada FortisBC - Canada FortisOntario - Canada

Hydro One - Canada Hydro Ottawa - Canada Hydro-Québec - Canada

Maritime Electric - Canada Newfoundland Power - Canada Nova Scotia Power Inc. - Canada

Ontario Power Generation (OPG) - Canada SaskPower - Canada Toronto Hydro - Canada

TransAlta - Canada

EEI International Member Directory

2018 ANNUAL REPORT | 7

Edison Electric Institute701 Pennsylvania Avenue, NWWashington, DC 20004-2696202-508-5000 | www.eei.org

EEI Vice President for International Programs Lawrence Jones discussing grid security with CESC Ltd. Managing Director Aniruddha Basu and members of the CESC Ltd. leadership team.

[L to R]: Jessica McDonald, Manager, EEI International Programs; and Dominique Kakou, Managing Director, Compagnie Ivoirienne d’Electricité (CIE).

EEI Director of Economics John Caldwell (center) addressing a visiting delegation from Shenhua Group

(L to R): Reji Kumar Pillai, President, India Smart Grid Forum; Lawrence Jones, Vice President for EEI International Programs; P. Rajendra Cholan, Managing Director, BESCOM; Daniel Noll, Senior Manager for EEI International Programs.

8 | EEI INTERNATIONAL PROGRAMS