TransCanada opens a wind farm

Article Excerpt

TRANSCANADA CORP. $37 (Toronto symbol TRP; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 693.0 million; Market cap: $25.6 billion; Price-to-sales ratio: 3.0; Dividend yield: 4.3%; TSINetwork Rating: Above Average; www.transcanada.com) has opened its $350-million U.S. Kibby wind farm in Maine. The wind-power industry has grown quickly in recent years, largely due to government subsidies. However, high budget deficits have spurred rising political opposition to these subsidies. Still, wind-power accounts for just 4% of TransCanada’s total generating capacity of 10,800 megawatts. TransCanada is a buy. buy…

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