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Strategies & Market Trends : 50% Gains Investing

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From: Cogito Ergo Sum9/30/2009 4:39:06 PM
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Sold some ARE.TO today .. expect to add back a little cheaper.. (but not MUCH cheaper).. I captured the recent quarterly dividend..

Construction infrastructure play..
Still have ARF.UN and GNV.UN in the same space ..

also (Cheap NG going to be aboon in NA going forward ?? :o)
reuters.com

Energy infrastructure plat TRP ( Trans Canada Pipelines)

CALGARY, Alberta, Sept 30 (Reuters) - TransCanada Corp (TRP.TO) said on Wednesday it plans to build a C$1.2 billion ($1.1 billion) natural-gas power plant near Toronto to supply 900 megawatts of electricity to the region as the Ontario government looks to replace aging coal-fired plants.

The company, which runs one of North America's largest pipeline networks and operates power plants in Canada and the United States, said the Ontario Power Authority has given it a 20-year power supply contract for the planned facility, to be built at Oakville, Ontario, about 40 kilometers (25 miles) southwest of Toronto, Canada's most populous city.

The new generating station is part of a plan by the Ontario government to replace coal-fired generation with natural gas and renewable power sources.

The province expects to shut down all its coal-fired generation by 2014 and needs additional power for the burgeoning region southwest of Toronto, where peak load demand is growing twice as fast as in the rest of the province.

TransCanada said it expects its Oakville Generating Station to be in service by 2103. It will finalize its contract with the power authority next month and then look to complete environmental reviews for the natural-gas fired combined cycle plant.

TransCanada shares were down 4 Canadian cents at C$33.16 at midmorning on Wednesday on the Toronto Stock Exchange.

($1=$1.07 Canadian) (Reporting by Scott Haggett; editing by Peter Galloway)

TBS
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