RE:Also puzzled ....I see the lack of a raise as a negative. It indicates to me that they are not interested in emulating Fortis with 50 consecutive annual dividend raises. So one possibility is that they don't plan on continuing as a ongoing concern. It looks like the the possibilit of a take under by Brookfield might be nearing reality.
With the complication of the RNW partial ownership out of the way it is now much simpler for Brookfield to do an opportunistic bid, say $12.5 (they will say 20% premium above recent share price). If the bid is successful Brookfield can spin out the renewables to Brookfield Renewable and the gas fired assets to another entity. The added value will go to Brookfield and not the existing shareholders.