Innergex Renewable Energy $14.58 – Toronto symbol INE
Article Excerpt
INNERGEX RENEWABLE ENERGY $14.58 (Toronto symbol INE; Shares outstanding: 108.0 million; Market cap: $1.5 billion; TSINetwork Rating: Extra Risk; Dividend yield 4.4%; www.innergex.com) has started up its new 40.6- megawatt Big Silver Creek hydroelectric facility in B.C.
Construction began in June 2014 and was completed in July 2016. That’s earlier than expected and is within budget.
All of the electricity produced at Big Silver Creek is covered by a 40-year fixed-price agreement with BC Hydro. Innergex obtained that contract under the province’s 2008 Clean Power Call Request for Proposals. The deal also allows for an annual adjustment to Innergex’s selling price based on a portion of the Consumer Price index.
Innergex is a buy.
buy.
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What personal information do we collect?
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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