RE:Scotia commentsInvestors definitely have to take the long term view here because it will take many quarters to get back to the $30.00 levels we saw a little over a year ago.
The payout ratio has always been an issue and it continues. It should come down in time but there's no guarantee as mother nature can deal shocks to the renewable assets and income generation through fires, floods, freeze ups of wind turbines, low water flows ect.
Patience and lots of it is the key here.
Is the dividend safe? I feel as long as Hydro Quebec owns 20% they don't want to reduce it. There initial plan was to have small increases every year. That didn't work out this year and it has been very challenging for this management to get it down to acceptable levels.