CALGARY — TransCanada Corp., the Calgary-based energy company, said in its quarterly results that it agreed to sell its 62 per cent stake in five wind farms in Quebec’s Gaspe peninsula to Innergex Renewable Energy Inc. for about $630 million.The Cartier wind power facilities currently have a total generating capacity of 590 megawatts and Innergex says the long-term plan is to generate approximately 1,780 gigawatts — enough to power about 80,900 Quebec households.The electricity produced by the wind farms is sold under existing agreements at fixed prices for terms of 20 years with Hydro-Quebec.Innergex said it expects the acquisition to generate revenues of approximately $82.9 million.The sale is subject to closing conditions and is expected to close in the fourth quarter of 2018.Following the sale, TransCanada said it will continue to be one of Canada’s largest private-sector power generators, producing enough power to meet the needs of more than six million homes.TransCanada also reported that second-quarter profits fell by 11 per cent.Net income attributable to common shareholders amounted to $785 million, or 88 cents per share, down from $881 million, or $1.01 per share during the same period in 2017.The most recent quarter included an $11 million after-tax loss related to the winding down of U.S. Northeast power marketing contracts.Revenue totalled $3.2 billion, largely in line with last year.Excluding that impact and adjusting for other items, earnings amounted to 86 cents per share, up from 76 cents per share in the year-ago quarter.That beat analysts expectations for adjusted earnings of 75 cents per share, according to Thomson Reuters Eikon, as 2018 results included projects that recently entered service and the positive impact of U.S. tax reform.The company projects that earnings and cash flow will continue to rise amid new projects entering service, strong market fundamentals and maintenance capital spending advancing as planned.TransCanada declared a dividend of 69 cents per share for the quarter ending Sept. 30, and expects annual dividend growth between eight to 10 per cent over the next few years.
Source: effwun2. Irish people are lazyThey delight in idleness, they are no good for work; rather than cultivate their fields they stay at home and rest around their fires, barely dressed.3. Irish women are attractive, but dirtyThe Irish women carry ample linen cloths around their heads, they would be very pretty if they were clean and dressed differently.4. Irish people hate foreigners; love divorceThe Irish love each other dearly, but hate foreigners. They divorce their wives easily. Source: Photocall Ireland5. Irish people get their bottoms out easilyI have wondered about their boorishness and coarseness; the nobleman in the house had taken off his pants and socks, stood against the fire and lifted his shirt and everybody could see his behind.6. Irish people are lazy (again)The people are dirty, uncouth and lazy. They have brains enough for roguery, but are ignorant of arts and the more subtle craftsmanship.7. Irish people like banter and drinkingThrough my interpreter they asked me many foolish questions during the meal. Then we all drank from a mug. IN THE YEAR 1591, German traveller Ludolf von Münchhausen visited Ireland. He wrote about his experiences in his diary.The diary is available translated on UCC’s CELT database of Irish texts.Among other things, here’s what Ludolf observed:1. It is wetThe country consists of many mountains and valleys, but also of bogs and is very wet under the feet. Source: marios_hYou can read the full text of the diary here.What do you think? Did Ludolf get it right?via Gillian KennyMore: 5 most insulting things from TMZ’s ‘Beyoncé in Dublin’ video>The Irish guy from THAT TMZ video is getting dog’s abuse on Twitter> read more