Veresen focuses on its strengths

After agreeing to sell its power plants, Veresen is once again focused on its true area of expertise—pipelines. With lots of renewable energy projects starting up, new competition threatened to cut the returns the company could make from power generation.
Veresen will use the proceeds to… Read More

These high payouts look secure

VERESEN INC. $12.83 (Toronto symbol VSN; Shares outstanding: 145.6 million; Market cap: $1.9 billion; TSINetwork Rating: Extra Risk; Dividend yield: 7.8%) is the new name of Fort Chicago Energy Partners L.P. after it converted to a corporation on January 1, 2011.

Veresen owns and operates energy… Read More

Power buy for Fort Chicago

FORT CHICAGO ENERGY PARTNERS L.P. $11.65 (Toronto symbol FCE.UN; Units outstanding: 144.6 million; Market cap: $1.7 billion; SI Rating: Extra Risk; Dividend yield: 8.6%) is buying Pristine Power Inc. for $314 million.

Pristine Power’s assets include 50% of York Energy Centre, a 400-megawatt natural-gas-fired generating plant… Read More

Stable post-conversion payouts are a plus

FORT CHICAGO ENERGY PARTNERS L.P. $11.72 (Toronto symbol FCE.UN; Units outstanding: 143.8 million; Market cap: $1.7 billion; SI Rating: Extra Risk; Dividend yield: 8.5%) owns and operates energy pipelines and processing plants across North America. One of its major holdings is a 50% interest in… Read More

Fort Chicago branches out

FORT CHICAGO ENERGY PARTNERS L.P. $10.41 (Toronto symbol FCE.UN; Units outstanding: 142.3 million; Market cap: $1.5 billion; SI Rating: Extra Risk; Dividend yield: 9.9%) has agreed to buy hydroelectric power developer Swift Power (symbol SPC on Toronto) for $8.5 million in cash.

Fort Chicago had… Read More

These trusts aim to maintain their payouts

FORT CHICAGO ENERGY PARTNERS L.P. $10.11 (Toronto symbol FCE.UN; Units outstanding: 140.7 million; Market cap: $1.4 billion; SI Rating: Extra Risk; Dividend yield: 9.9%) owns and operates energy pipelines and processing plants across North America. One of its major holdings is a 50% interest in… Read More

Fort Chicago plans for 2011

FORT CHICAGO ENERGY PARTNERS L.P. $10.05 (Toronto symbol FCE.UN; Units outstanding: 137.9 million; Market cap: $1.4 billion; SI Rating: Extra Risk) has announced that it plans to convert to a dividend-paying corporation before Ottawa starts taxing income trusts on January 1, 2011. The trust’s conversion… Read More

FORT CHICAGO ENERGY PARTNERS L.P. $8.47

FORT CHICAGO ENERGY PARTNERS L.P. $8.47 (Toronto symbol FCE.UN; Units outstanding: 136.3 million; Market cap: $1.1 billion; SI Rating: Extra Risk) owns and operates energy infrastructure across North America. One of its major holdings is a 50% interest in the Alliance natural-gas pipeline, which runs… Read More

These trusts aim for steady payouts

EPCOR POWER, L.P. $15.04 (Toronto symbol EP.UN; Shares outstanding: 53.9 million; Market cap: $810.7 million; SI Rating: Extra Risk) has interests in 25 power plants in Canada and the U.S. These generate a total of 1,400 megawatts.

In the three months ended June 30, 2009, EPCOR’s… Read More

Acquisitions add growth — and some risk

EPCOR POWER, L.P. $13.80 (Toronto symbol EP.UN; Shares outstanding: 53.9 million; Market cap: $743.8 million; SI Rating: Extra Risk) has interests in 26 power plants in Canada and the U.S.

In total, the plants generate 1,502 megawatts. In the three months ended December 31, 2008, EPCOR’s… Read More