12-15% target returns are calculated as annualized cash return on investment. Our hydroelectric segment delivered FFO of $624 million. Despite a more challenging year from a resource perspective in our high value markets, the portfolio performed well, benefiting from strong all-in power prices. Reservoirs have rebounded to start 2024, with the first quarter trending positively compared with the end of 2023. The quarterly dividends on BEP's preferred shares and preferred LP units have also been declared. Bro ...