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Northland Power Inc (Ontario) T.NPI

Alternate Symbol(s):  NPIFF | T.NPI.PR.A | T.NPI.PR.B | NPICF

Utilities Utilities - Independent Power Producers
Northland Power Inc. is a Canada-based global power producer focused on helping the clean energy transition by producing electricity from clean renewable resources. The Company owns and manages a diversified generation mix, including onshore renewables, natural gas energy, as well as supplying energy through a regulated utility. Its facilities produce electricity from clean-burning natural gas and renewable resources such as wind and solar. The Company’s segments include offshore wind facilities, onshore renewable facilities, natural gas facilities, and utilities. The Company’s natural gas facilities use turbines to produce electricity. It owns or has an economic interest in approximately 3.4 GW (net 2.9 GW) of operating capacity. The Company also has an inventory of projects in construction and in various stages of development encompassing approximately 12 GW of potential capacity. It operates power infrastructure assets in Asia, Europe, Latin America, and North America.


TSX:NPI - Post by User

Northland Power Inc (Ontario)
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Comment by rustybladeson Nov 08, 2018 12:49am
125 Views
Post# 28941790

RE:RE:RE:Nordsee One_Gemini Results

RE:RE:RE:Nordsee One_Gemini Results
when2buy wrote:
rustyblades wrote: Actually the company is also stopping issuing shares from treasury to satisfy the DRIP. Shares for the DRIP will now be purchased on the open market. So a much more meaningful reduction in dilution.


DRIP Changes Link

Yes, correct Rusty...  The company however is retaining the "option" to issue from treasury which I suspect would be used in the event the company needs to do a "passive" equity raise (for covenants, other, etc).

IMO, if capital needs to be raised during 2019 it is more likely to take the form of equity/hybrid form.  Hard to see how they can raise on the Debt side given current level & IR curve. 



You are correct. Much like Enbridge they don't need the money from the DRIP at this time so why issue from treasury when the share price is at this relatively low level compared to recent history.
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