Q: Hi,
Thanks for all your great advice. I particularly enjoyed your recent piece called: "5 inane U.S. policy moves that are spooking investors."
My question is:
If Premier Ford follows through on his 25% tariff on energy exports from Ontario (especially electricity), or even halts those exports, how will that likely impact Hydro One’s stock? Today (March 4) it is up almost 2%.
Thanks again, Michael
Thanks for all your great advice. I particularly enjoyed your recent piece called: "5 inane U.S. policy moves that are spooking investors."
My question is:
If Premier Ford follows through on his 25% tariff on energy exports from Ontario (especially electricity), or even halts those exports, how will that likely impact Hydro One’s stock? Today (March 4) it is up almost 2%.
Thanks again, Michael
5i Research Answer:
It may have an impact if the tariffs are in place for a long term but in the short term we do not think the three US states have a lot of alternatives, and would just pay the extra costs. Hydro One has not really discussed any impact on this in any of its releases.