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Fortis Inc. (FTS)
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Emera Incorporated (EMA)
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Capital Power Corporation (CPX)
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Brookfield Infrastructure Partners L.P. (BIP.UN)
Q: Thank you for your ranking of Canadian utilities last week-our investment club had a lengthy discussion yesterday afternoon over the rankings. I found it difficult to defend BIP.UN as first pick with 6:1 debt, meagre/erratic EPS, and growing share dilution vs CPX having similar posted growth rates, 1.5:1 debt, decent EPS and slower share dilution. Any assistance and clarification on this greatly appreciated. Thank you
5i Research Answer:
The main issue is this is not an apples/apples comparison. BIP.UN has significant assets other...