Ottawa River’s Power to Generate Cash Outweighs Credit Downgrade

  • Hydro Ottawa still ‘very solid investment-grade company’
  • S&P says push into unregulated power is ‘riskier business’

The Ottawa River that enriched generations of lumber barons and political bosses is now valued for its electric power, with investors betting that cash stream will remain strong even after the city hydro company’s debt was downgraded for the second time in a year.

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