RE:Thoughts on the 1st Qtr -21 ... good , bad or indifferentrfguysd wrote: Concerns:
1)Canadian dollar continues to be strong in the quarter.
2)Biden’s proposal for corporate tax will affect the utilities. Corporate rate will rise from 21% to 28% .
3)Carbon Tax increases in Canada and proposals in the US. Altagas has been carefully monitoring. Altagas will need to address issues more substantively soon rather than later. ie….. (work with ENB to introduce hydrogen to the natural gas line … as being considered in Quebec’s experiment with ENB and gas utility there. Semco would be the target.)
Other thoughts?
GLTA
RFguy
Just an information tidbit regarding the concerns. Both corporate tax rates and carbon tax costs are "pass throughs" for utilities and shouldn't affect earnings long term (short term, it depends on the timing between rates filings and when the tax hike takes effect).