Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 564

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 564
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’s direct operating costs for the year ended December 31 are comprised of the following:

  (MILLIONS)                                                     Notes 2024            2023            2022                
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Fuel and power purchases (1)                                   $                 ( 713) $        ( 574) $        ( 400)  
  Salaries and benefits                                          ( 586)              ( 464)          ( 325)                
  Operations and maintenance                                     ( 527)              ( 347)          ( 309)                
  Water royalties, property taxes and other regulatory fees      ( 289)              ( 238)          ( 205)                
  Professional fees                                              ( 194)              ( 122)           ( 59)                
  Insurance                                                      ( 111)               ( 72)           ( 71)                
  Other related party services                                   29 ( 12)              ( 5)            ( 1)                
  Other                                                          ( 148)              ( 111)           ( 64)                
                                                                 $               ( 2,580) $      ( 1,933) $      ( 1,434)  

(1) Fuel and power purchases are primarily attributable to our portfolio in Colombia.

Direct operating costs exclude depreciation expense of $2,010million (2023: $1,852million and 2022: $1,583million) which is presented separately.

10. OTHER

Brookfield Renewable’s other for the year ended December 31 is comprised of the following:

  (MILLIONS)                                                 Notes      2024                   2023                   2022                
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Change in fair value of property, plant and equipment         13      $          ( 721)      $          ( 164)      $            ( 61)  
  Amortization of service concession assets                             —                      ( 11)                  ( 15)               
  Transaction costs                                                     ( 23)                  ( 5)                   ( 2)                
  Legal provisions                                                      —                      —                      ( 6)                
  Other                                                                 31                     ( 32)                  ( 106)              
                                                                        $          ( 713)      $          ( 212)      $           ( 190)  

11. FOREIGN CURRENCY TRANSLATION

Brookfield