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Net cash flows from operating activities was $223 million for the six months ended June 30, 2016, compared with $283 million for the corresponding period in the previous year. The decrease was primarily due to a lower favorable change in non-cash operating working capital.
Investment in capital projects was $122 million and $210 million for the three and six months ended June 30, 2016, respectively, compared with $121 million and $191 million for the corresponding periods in the previous year. The year-to-date increase of $19 million was primarily due to increased spending in the Distribution and Transmission segment on the Advanced Meter Infrastructure Project and the Work Centre Redevelopment Project.
Management's discussion and analysis (MD&A) of the quarterly results are shown below. The MD&A and the unaudited condensed consolidated interim financial statements are available here and on SEDAR.
EPCOR's wholly owned subsidiaries build, own and operate electrical transmission and distribution networks, water and wastewater treatment facilities and infrastructure in Canada and the United States. The Company's subsidiaries also provide electricity and water services and products to residential and commercial customers. EPCOR, headquartered in Edmonton, is an Alberta Top 70 employer. EPCOR's website address is www.epcor.com.
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