Utilities
Utilities earn regulated returns on a growing rate base plus, increasingly, contracted renewable power. They're classic income vehicles — we weigh rate-base and cash-flow growth, the funds-from-operations (or DCF) yield, dividend coverage and the heavy debt and capital spending the model requires.
Reports in Utilities
Brookfield Renewable Partners
One of the world's largest pure-play renewable-power platforms — hydro, wind, solar and now storage — selling long-contracted clean power to fund a growing distribution.
Fortis Inc.
A C$40B+ regulated electric-and-gas utility holding company spanning Canada, the U.S. and the Caribbean, prized for a five-decade dividend-growth streak.
Emera
A rate-regulated electric and gas utility holding company whose steady dividend rests on regulated rate-base growth funded by chronic negative free cash flow.
Hydro One
Ontario's dominant pure-play regulated electricity transmission and distribution utility, with no commodity risk and steady low-to-mid single-digit rate-base growth.
Canadian Utilities
An ATCO-controlled regulated gas and electric utility with Canada's longest dividend-growth streak, where strong cash flow contrasts with sharply depressed headline earnings.
Capital Power
An Alberta-based independent power producer with merchant and contracted generation, offering a high ~4.2% yield but more cyclical, commodity-exposed cash flows than a regulated utility.
Northland Power
A global clean-power developer building large offshore wind projects, currently loss-making at the GAAP line, with reported free cash flow that overstates true self-funding because multi-billion construction spend sits in project-level financing.
Algonquin Power & Utilities
A now pure-play regulated water, gas and electric utility rebuilding its balance sheet and credibility after exiting renewables and cutting its dividend.
TransAlta
An Alberta-centric power generator turning strong free cash flow into buybacks, with data-center demand offering optionality against a merchant-price cyclical core.
Boralex
A Québec-based renewable-power developer in heavy build-out mode, spending ahead of cash flow to grow a contracted wind, solar and storage fleet.