Topic: How To Invest

Hello, Pat: I would appreciate it if you could give me your opinion on Hydro One. Thank you

Article Excerpt

Hydro One Inc. is an electricity transmission and distribution utility owned by the province of Ontario. It owns and operates 96% of Ontario’s electricity-transmission capacity, serving 1.4 million customers through its 29,000 kilometres of power lines. Transmission refers to the delivery of electricity over high-voltage lines, typically over long distances, from generating stations to local areas and industrial customers. Distribution refers to the delivery of electricity over low-voltage lines to users such as homes, businesses and institutions. Hydro One doesn’t generate electricity. Ontario Power Generation, also owned by the province of Ontario, supplies about 50% of the province’s power. Companies like Northland Power, TransAlta and TransCanada Corp., along with small independent producers, supply the rest. The province is selling 15% of Hydro One’s 595 million shares to the public. The initial public offering is priced at $20.50 a share and will raise $1.83 billion for the government. The stock will begin trading on the Toronto exchange on November 5 under the symbol H…