transcanada
Toronto symbol TRP, operates pipelines that transport natural gas, mainly from Alberta to markets in central and eastern Canada. TransCanada owns or holds interests in over 20 power plants in Canada and the United States.
TRANSALTA CORP. $24 (Toronto symbol TA; SI Rating: Average) operates 49 power plants in Canada, the United States, Mexico and Australia. In the three months ended December 31, 2005, TransAlta’s revenues rose 22.7%, to $810.1 million from $660.1 million. Ongoing earnings rose 56.5%, to $58.2 million or $0.29 a share, from $37.2 million or $0.19 a share, mainly due to the increased revenues from higher power prices. Cash flow rose 35.8% in the latest quarter, to $204.8 million or $1.03 a share, from $150.8 million or $0.78 a share....
TRANSALTA POWER, L.P. $8.70 (Toronto symbol TPW.UN; SI Rating: Extra risk) owns a 49.99% interest in TransAlta Cogeneration, L.P., which in turn holds interests in five gas-fired cogeneration plants in Ontario, Saskatchewan and Alberta, and in the Sheerness coal-fired plant in Alberta. TransAlta Power has secured long-term contracts for all of its power. Cogeneration is the simultaneous production of power and useful heat from a single fuel source. TransAlta Corp., one of our long-time safety-conscious stocks, owns the remaining 50.01% interest in TransAlta Cogeneration and is responsible for the operation and maintenance of the plants. TransAlta Power’s shares dropped recently after it released its results for the three months ended December 31, 2005. The company lost $26.5 million or $0.36 a share, compared to a profit of $12.9 million or $0.18 a unit a year earlier....