co2 Tax

Operating income (loss) (1,304) 802 Interest expense, net (354) (212) Other (83) 278 Income (loss) before income taxes (1,741) 868 Income tax provision 55 60 Net Income (loss) $(1,796) $808 Earnings (loss) per share: Basic $(.10) $.05 Diluted $(.10) $.05

2,451 97 4,691 Other income, net 73 34 164 41

recorded in a prior year. These increases were partially offset by an $8.9 million decrease in revenue-related taxes due to lower gas costs and a $13.5 million decrease as a result of lower residential and commercial consumption and warmer weather in the

Extract not available.

Schneider Power is listed on the TSX Venture Exchange under the symbol SNE. NON-GAAP MEASURES Earnings before interest, taxes, depreciation and amortization (EBITDA) is a standard used in the energy industry to assist in understanding and comparing

married couples in which both spouses work; workers with more than one job; retirees who have federal income taxes withheld from their pension payments and Social Security recipients with jobs that provide taxable income. The acknowledges problems with

expenses. Non-GAAP net income excludes these effects as well as their related impact on the provision for income taxes. A reconciliation of GAAP and non-GAAP results is included in the attached financial tables. For the fiscal year ended March 31, 2009,

Extract not available.

on foreign currency exchange (99) (1,020) ------------ ------------ (13,596) (25,561) ------------ ------------ LOSS BEFORE INCOME TAXES (9,301) (29,456) INCOME TAX RECOVERY 4,009 9,832 ------------ ------------ NET LOSS $ (5,292) $ (19,624) ------------

Extract not available.