Topic: How To Invest

Hello Mr. McKeough. I finally made the move and upgraded to your Inner Circle. I am interested in having your opinion, if possible, on Northland Power. Regards.

Article Excerpt

Northland Power Inc., $16.09, symbol NPI on Toronto (Shares outstanding: 72.6 million; Market cap: $1.2 billion; www.northlandpower.ca), is the new name of Northland Power Income Fund after it converted from an income trust to a corporation on January 1, 2011. Northland owns interests in nine power projects that together generate over 1,050 megawatts of electricity. These projects include renewable-power projects, such as natural-gas-fired plants, wind farms and biomass projects. The company sells its power almost entirely under long-term contracts, with an average length of 14 years. Northland’s plants are located in Canada, the U.S. and Germany. In addition, the company is building other plants, including the 86-megawatt Spy Hill natural-gas fired project, the 260-megawatt natural-gas-fired North Battleford project and the 100-megawatt Mont Louis wind farm, all in Canada. It also has 216 megawatts of wind, solar and run-of-river projects in advanced stages of development in Ontario. All of these projects have been awarded under the Ontario Power Authority’s feed-in-tariff program. When…