An interesting proposal for the stored-energy problem:
But there is another gravity-based energy storage system that does not need any water, and is even less energy and materials intensive. It’s called Advanced Rail Energy Storage (ARES).
Reminiscent of King Sisyphus of Greek mythology, ARES will use surplus wind and solar energy to move millions of pounds of rock uphill in special electric rail cars, converting thousands of megawatt-hours (MWh) to potential energy, enough to power a medium-sized city for several hours. It can sit there storing this energy as long as one wants. When needed, the rail cars roll back downhill, converting this gravitational potential energy to electricity that goes out onto the grid.
…
ARES bridges the power gap between large scale battery and flywheel installations and the far larger pumped-hydro. With about an 80% efficiency, somewhat greater than pumped-hydro, ARES has a lower life-cycle cost than batteries, a higher energy-to-power ratio than flywheels and a greater efficiency and far faster ramp-rate than pumped-hydro or compressed air.
Too bad this wasn’t developed in Ontario – but we blew the budget on cheap crap.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 4.66 % | 5.67 % | 10,847 | 17.04 | 1 | 0.6944 % | 1,693.7 |
| FixedFloater | 6.74 % | 5.86 % | 17,921 | 16.63 | 1 | -1.0526 % | 2,999.6 |
| Floater | 4.41 % | 4.53 % | 42,997 | 16.30 | 4 | 0.4450 % | 1,762.0 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1288 % | 2,834.2 |
| SplitShare | 4.94 % | 4.98 % | 79,976 | 3.93 | 7 | 0.1288 % | 3,316.6 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1288 % | 2,587.7 |
| Perpetual-Premium | 5.75 % | -12.44 % | 85,883 | 0.09 | 6 | 0.0458 % | 2,603.6 |
| Perpetual-Discount | 5.45 % | 5.54 % | 106,796 | 14.53 | 33 | 0.2911 % | 2,691.7 |
| FixedReset | 5.16 % | 4.68 % | 164,545 | 13.82 | 88 | 0.5245 % | 1,980.7 |
| Deemed-Retractible | 5.11 % | 5.57 % | 130,078 | 5.00 | 33 | 0.1273 % | 2,688.3 |
| FloatingReset | 3.17 % | 4.92 % | 26,090 | 5.26 | 17 | 0.5812 % | 2,107.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| HSE.PR.A | FixedReset | -2.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 11.23 Evaluated at bid price : 11.23 Bid-YTW : 5.60 % |
| BAM.PR.G | FixedFloater | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 25.00 Evaluated at bid price : 14.10 Bid-YTW : 5.86 % |
| TRP.PR.B | FixedReset | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 11.77 Evaluated at bid price : 11.77 Bid-YTW : 4.47 % |
| TD.PF.A | FixedReset | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 18.56 Evaluated at bid price : 18.56 Bid-YTW : 4.33 % |
| TRP.PR.A | FixedReset | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 14.60 Evaluated at bid price : 14.60 Bid-YTW : 4.90 % |
| BAM.PR.K | Floater | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 10.41 Evaluated at bid price : 10.41 Bid-YTW : 4.60 % |
| BMO.PR.S | FixedReset | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 18.77 Evaluated at bid price : 18.77 Bid-YTW : 4.34 % |
| IAG.PR.A | Deemed-Retractible | 1.09 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.30 Bid-YTW : 6.38 % |
| BAM.PR.X | FixedReset | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 13.85 Evaluated at bid price : 13.85 Bid-YTW : 4.95 % |
| MFC.PR.I | FixedReset | 1.13 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.66 Bid-YTW : 6.38 % |
| RY.PR.H | FixedReset | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 18.43 Evaluated at bid price : 18.43 Bid-YTW : 4.33 % |
| CM.PR.P | FixedReset | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 18.22 Evaluated at bid price : 18.22 Bid-YTW : 4.38 % |
| BMO.PR.T | FixedReset | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 18.26 Evaluated at bid price : 18.26 Bid-YTW : 4.35 % |
| TD.PF.C | FixedReset | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 4.39 % |
| BNS.PR.Q | FixedReset | 1.36 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.12 Bid-YTW : 4.52 % |
| MFC.PR.K | FixedReset | 1.37 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.45 Bid-YTW : 7.37 % |
| BAM.PF.E | FixedReset | 1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 4.94 % |
| PWF.PR.P | FixedReset | 1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 13.30 Evaluated at bid price : 13.30 Bid-YTW : 4.47 % |
| BMO.PR.Q | FixedReset | 1.47 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.00 Bid-YTW : 6.22 % |
| MFC.PR.G | FixedReset | 1.48 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.83 Bid-YTW : 6.90 % |
| BNS.PR.Y | FixedReset | 1.63 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.99 Bid-YTW : 6.07 % |
| CM.PR.Q | FixedReset | 1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 19.88 Evaluated at bid price : 19.88 Bid-YTW : 4.53 % |
| W.PR.H | Perpetual-Discount | 1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 23.85 Evaluated at bid price : 24.10 Bid-YTW : 5.78 % |
| TRP.PR.C | FixedReset | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 12.30 Evaluated at bid price : 12.30 Bid-YTW : 4.72 % |
| MFC.PR.N | FixedReset | 1.71 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.58 Bid-YTW : 6.76 % |
| BMO.PR.R | FloatingReset | 1.78 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.30 Bid-YTW : 4.31 % |
| BAM.PR.B | Floater | 1.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 10.57 Evaluated at bid price : 10.57 Bid-YTW : 4.53 % |
| BMO.PR.Y | FixedReset | 1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 20.45 Evaluated at bid price : 20.45 Bid-YTW : 4.36 % |
| FTS.PR.I | FloatingReset | 2.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 11.70 Evaluated at bid price : 11.70 Bid-YTW : 4.28 % |
| MFC.PR.M | FixedReset | 2.07 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.75 Bid-YTW : 6.70 % |
| IFC.PR.C | FixedReset | 2.43 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.11 Bid-YTW : 8.06 % |
| CIU.PR.C | FixedReset | 3.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 12.15 Evaluated at bid price : 12.15 Bid-YTW : 4.42 % |
| PWF.PR.Q | FloatingReset | 4.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 13.00 Evaluated at bid price : 13.00 Bid-YTW : 4.17 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| FTS.PR.M | FixedReset | 216,343 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 18.70 Evaluated at bid price : 18.70 Bid-YTW : 4.58 % |
| TD.PF.G | FixedReset | 163,679 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-04-30 Maturity Price : 25.00 Evaluated at bid price : 26.11 Bid-YTW : 4.60 % |
| MFC.PR.O | FixedReset | 123,846 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-06-19 Maturity Price : 25.00 Evaluated at bid price : 26.04 Bid-YTW : 4.62 % |
| RY.PR.R | FixedReset | 118,271 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-08-24 Maturity Price : 25.00 Evaluated at bid price : 26.18 Bid-YTW : 4.77 % |
| TRP.PR.J | FixedReset | 113,227 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.70 Bid-YTW : 4.88 % |
| RY.PR.J | FixedReset | 67,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-05-26 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 4.55 % |
| There were 34 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| ALB.PR.C | SplitShare | Quote: 26.00 – 27.00 Spot Rate : 1.0000 Average : 0.7390 YTW SCENARIO |
| TRP.PR.H | FloatingReset | Quote: 10.43 – 11.00 Spot Rate : 0.5700 Average : 0.3821 YTW SCENARIO |
| BNS.PR.B | FloatingReset | Quote: 21.38 – 21.81 Spot Rate : 0.4300 Average : 0.2655 YTW SCENARIO |
| BAM.PR.C | Floater | Quote: 10.21 – 10.58 Spot Rate : 0.3700 Average : 0.2178 YTW SCENARIO |
| IFC.PR.A | FixedReset | Quote: 15.51 – 15.98 Spot Rate : 0.4700 Average : 0.3178 YTW SCENARIO |
| BAM.PR.E | Ratchet | Quote: 14.50 – 15.00 Spot Rate : 0.5000 Average : 0.3603 YTW SCENARIO |