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Old 10-23-2008, 01:35 PM
 
3,853 posts, read 11,662,987 times
Reputation: 2509

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I've been looking for a while for something like this and I've finally found a fund that is doing it. It is called a utility trust and the company goes by the name: Great Lakes Hydro Income Fund. Here is what their business profile is on google finance:

Quote:
Great Lakes Hydro Income Fund (the Fund) is an income fund in Canada. The Fund is a power income fund in North America, with 1,015 megawatts of installed capacity and an average annual production of 3,875 gigawatt hours. It owns, operates and manages a portfolio of power generating assets. The portfolio consists of 26 hydroelectric generating stations located on eight river systems in four geographic regions across North America: Quebec, Ontario, British Columbia and New England. Its operations in Quebec comprise four hydroelectric generating stations located on the Lievre River. Its hydroelectric facilities in Ontario include five power-generating stations in Ontario located on the Mississagi River and Groundhog Rivers. The two hydroelectric generating stations generated 532 gigawatt hours at the British Columbia facility. Its operations in New England include 15 hydroelectric generating facilities in Maine and New Hampshire.
Their 2007 dividend payments were .104 cents per month and the shares are going for 16-17 dollars each. That comes out to about a 7% dividend yield. Sounds like a very save and conservative investment. Also, very green!
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Old 10-25-2008, 06:23 AM
 
Location: Minnysoda
8,619 posts, read 8,525,111 times
Reputation: 5175
the US imports large amounts of hydro power from up North. Be careful on the Green desigination... The Feds have restricted that to OLD hydro not new. This is done to prevent the building of new hydroelectric plants.........
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Old 10-27-2008, 11:13 AM
 
Location: Londonderry, NH
41,492 posts, read 51,354,718 times
Reputation: 24612
The high rollers would rather fish for government bred fishes than let the rivers provide electric power for the rest of us.
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