Expert Witness Assignments

McCormick Financial has been retained to provide expert evidence in matters before the National Energy Board, the Alberta Energy and Utilities Board, the British Columbia Utilities Commission and superior courts.

We were retained by or instructed in these matters by law firms including Burnett Duckworth & Palmer LLP, Borden Ladner Gervais LLP, Macleod Dixon LLP, all of Calgary, and Kanuka Thuringer LLP of Regina.

Mr. McCormick addressed the May 2003 CAMPUT (Canadian Association of Members of Public Utility Tribunals) conference on "Current Perspectives on Cost of Capital".

The following is a partial list of expert witness assignments in which the principal of McCormick Financial has been retained to provide expert reports, testimony or advice.

Jurisdiction	Issue, Evidence and Decision	Date
British Columbia Utilities Commission	Recapitalization of Pacific Northern Gas Ltd. Decision dated September 9, 2005 and advice in respect to an earlier hearing	February to July 2005, and February to July 2004
Alberta Court of Queen’s Bench	Advice with respect to the due diligence defense concerning a private placement to an organization which was financially unsuccessful	Summer 2004
Alberta Court of Queen’s Bench	Valuation of a private oil and gas producer in relation to a incentive compensation agreement	June 2003 to March 2004
Alberta Energy and Utilities Board	Generic Cost of Capital Proceeding	Fall 2003 to Spring 2004
Alberta Energy and Utilities Board	ATCO Pipelines Prudent Capital Structure and Cost of Financing Decision 2003-100 Released December 2, 2003	Summer 2003
Alberta Energy and Utilities Board	ATCO Electric Prudent Capital Structure and Cost of Financing Decision 2003-071 Released October 2, 2003	Spring 2003
Alberta Energy and Utilities Board	ATCO Gas Prudent Capital Structure and Cost of Financing Decision 2003-072 Released October 1, 2003	Spring 2003
Alberta Energy and Utilities Board	AltaLink and TransAlta Prudent Capital Structure and Cost of Financing, issues related to the impact of the premium on cost of funds Decision 2003-061 Released August 3, 2003	Winter 2002
National Energy Board	RH-4-2001 TransCanada PipeLines Limited cost of capital application - evidence as to market response to the ROE adjustment mechanism and the allowed capital structure for the Mainline. Decision RH-4-2001	Spring 2002
Alberta Energy and Utilities Board	The prudent capital structure and cost of financing an aggregate of $632 million electrical deferral accounts. Decision 2001-92	Summer 2001
Alberta Court of Queen's Bench Hi-Alta Capital v. Montreal Trust Company of Canada	Determination of damages resulting from a repricing of a special warrant transaction and certain matters related to stock trading by third parties - two reports.	Summer 2002 and Fall 2003
Alberta Court of Queen's Bench Russell And Culshaw v. K2 Energy	Determination of damages resulting from a refusal to permit the exercise of common share purchase options to which the plaintiffs were entitled.	December 2000
Saskatchewan	Opinion as to the materiality of certain facts and the quality of corporate disclosure.	Summer 1999