Atlantic Power & Infrastructure Corp. (AWSL)

[warburg]

There is an election coming up in 8 mos. The conservatives need votes and we all know debates and controversy to eliminate a major program like this helps sell newspapers.

The last time the conservatives tried to get voted in, they promised to eliminate the GST (7% federal sales tax) . Never happened, but they did manage to change the name to HST. There was also billions spent on an automated health care system which didn't work. I'm not too worried about the fit being cancelled.

Even if the program was to taper, it would not effect projects that have already been applied for. I could see the gov't eventually reducing rates for newly applied projects, only if and after the conservatives got in, but this isn't for months. that means the race to get more fit apps in is on. But elimination of the whole program is out of the question. The gov't would be sued for billions if they eliminated it, which doesn't supply any jobs and doesn't make any economic sense. This is all political hype to get votes. IMHO.

This article was on the front page of the financial post 2 weeks ago. This company is alive and well.