Topic: How To Invest

Hello Pat: With the emphasis on green power and minimizing the impact of hydro electric power generation, Plutonic Power’s run-of-river generation appears to be a good niche. What are your thoughts on whether the company is a good investment? Thanks for all your excellent advice over the years. Regards.

Article Excerpt

Plutonic Power Corporation, $2.44, symbol PCC on Toronto (Shares outstanding: 65.4 million, Market cap: $159.6 million), is developing hydroelectric-power plants in British Columbia. These are “run-of-river” projects, which produce electricity without damming or flooding. Run-of-river hydroelectric plants do not alter downstream river flows, since all diverted water returns to the river below the powerhouse. Plutonic first sold shares to the public for $0.20 each, and began trading on Toronto in November 1999. The company owns the rights to 42 run-of-river hydroelectric sites in British Columbia. Two sites are currently under construction (East Toba River and Montrose Creek). The remaining 40 sites are at various stages of evaluation, permitting and development. Plutonic’s power sites are located near B.C.’s southwest coast, in an area that includes rivers flowing into the Toba, Bute and Knight Inlets. In May 2007, Plutonic and GE Energy Financial Services formed the Toba Montrose General Partnership to finance, build and operate the 196-megawatt East Toba River and Montrose Creek run-of-river…