|Three Months Ended March 31,|
|($ in thousands except per share amounts)||2021||2020|
|Net income per share – diluted||0.53||0.02|
|Total generation – (MWh)(2)||324,490||42,301|
|Average Alberta market power price ($ per MWh)||95.45||67.06|
|Average realized power price ($ per MWh)(2)||92.54||171.45|
|Total net debt (3)||33,991||59,598|
(1) Select financial information was derived from the consolidated financial statements and is prepared in accordance with GAAP, except adjusted Earnings before Interest, Income Taxes, Depreciation and Amortization (“Adjusted EBITDA”). Adjusted EBITDA is provided to assist management and investors in determining the Corporation’s approximate operating cash flows before interest, income taxes, and depreciation and amortization and certain other other non-recurring income and expenses.
(2) Total generation and average realized power prices for 2021 relate to Milner 2 (“M2”) and 2020 related to HR Milner (“Milner”).
(3) Total net debt was derived from the consolidated financial statements to include: loans and borrowings, trade and other payables, less total current assets.