M & A We are trading at a yield of over 6.5% which is a pretax distribution metric . On an interest equivalency it is more like 8% which is well north of any long term borrowing costs. - almost double in fact.
our market cap is a fraction of the big brothers in the field; even ppl is almost 4 times the size of Key.
we are also similar to IPL in that we have a high margin growth asset that is getting closer to an in service date all the time.
It just seems that KEY will be acquired as M & A has to pick up in a sector that has otherwise hit a space where new builds growth is hitting a wall.