Nuclear gains ahead for TRP

Article Excerpt

TRANSCANADA CORP. $43.44 (Toronto symbol TRP; Shares outstanding: 704.2 million; Market cap: $30.6 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.transcanada.com) gets 9% of its revenue from its minority stake in the Bruce nuclear power complex in central Ontario. Two of the plant’s eight reactors have been out of service since 1995, and the company and its partners are nearly finished upgrading them. The partners plan to restart both by September 30, 2012. The plant will then supply 25% of Ontario’s power. Right now, Bruce’s six operating reactors provide 19% of the province’s electricity. TransCanada is a buy. buy…