GREAT LAKES HYDRO INCOME FUND $18.70 (Toronto symbol GLH.UN; SI Rating: Extra Risk) owns five hydroelectric power generation, transmission and distribution systems, in Quebec, B.C., New England and Ontario. Its facilities have 995 megawatts of generating capacity.
In the three months ended December 31, 2005, Great Lakes’ revenues rose 29.8%, to $39.2 million from $30.2 million. Cash flow per share more than doubled, to $0.35 from $0.17. Improved rainfall boosted the fund’s power generation in Ontario, and reservoir levels are now above average.
The long-term outlook for Great Lakes depends on the satisfactory operating performance of its plants. The company is also subject to environmental regulations. When its long-term contracts come up for renewal, they may be hurt or helped by continuing deregulation of power generation.
However, most hydroelectric projects cause little environmental damage because they return water to the river with no pollution. And unlike fossil-fuel generation plants, Great Lakes Hydro profits when high oil and gas prices push up power rates.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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