{"id":33103,"date":"2016-05-26T22:23:25","date_gmt":"2016-05-27T03:23:25","guid":{"rendered":"http:\/\/prefblog.com\/?p=33103"},"modified":"2016-05-26T22:23:25","modified_gmt":"2016-05-27T03:23:25","slug":"may-26-2016","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=33103","title":{"rendered":"May 26, 2016"},"content":{"rendered":"

An interesting proposal for the stored-energy problem<\/a>:<\/p>\n

But there is another gravity-based energy storage system that does not need any water, and is even less energy and materials intensive. It\u2019s called Advanced Rail Energy Storage (ARES).<\/p>\n

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.
…<\/b>
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.<\/p><\/blockquote>\n

Too bad this wasn’t developed in Ontario – but we blew the budget on cheap crap.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n4.66 %<\/td>\n5.67 %<\/td>\n10,847<\/td>\n17.04<\/td>\n1<\/td>\n0.6944 %<\/td>\n1,693.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n6.74 %<\/td>\n5.86 %<\/td>\n17,921<\/td>\n16.63<\/td>\n1<\/td>\n-1.0526 %<\/td>\n2,999.6<\/td>\n<\/tr>\n
Floater<\/td>\n4.41 %<\/td>\n4.53 %<\/td>\n42,997<\/td>\n16.30<\/td>\n4<\/td>\n0.4450 %<\/td>\n1,762.0<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1288 %<\/td>\n2,834.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.94 %<\/td>\n4.98 %<\/td>\n79,976<\/td>\n3.93<\/td>\n7<\/td>\n0.1288 %<\/td>\n3,316.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1288 %<\/td>\n2,587.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.75 %<\/td>\n-12.44 %<\/td>\n85,883<\/td>\n0.09<\/td>\n6<\/td>\n0.0458 %<\/td>\n2,603.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.45 %<\/td>\n5.54 %<\/td>\n106,796<\/td>\n14.53<\/td>\n33<\/td>\n0.2911 %<\/td>\n2,691.7<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.16 %<\/td>\n4.68 %<\/td>\n164,545<\/td>\n13.82<\/td>\n88<\/td>\n0.5245 %<\/td>\n1,980.7<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.11 %<\/td>\n5.57 %<\/td>\n130,078<\/td>\n5.00<\/td>\n33<\/td>\n0.1273 %<\/td>\n2,688.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.17 %<\/td>\n4.92 %<\/td>\n26,090<\/td>\n5.26<\/td>\n17<\/td>\n0.5812 %<\/td>\n2,107.7<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset<\/td>\n-2.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 11.23
\nEvaluated at bid price : 11.23
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
BAM.PR.G<\/td>\nFixedFloater<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.10
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 11.77
\nEvaluated at bid price : 11.77
\nBid-YTW : 4.47 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 18.56
\nEvaluated at bid price : 18.56
\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 14.60
\nEvaluated at bid price : 14.60
\nBid-YTW : 4.90 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 10.41
\nEvaluated at bid price : 10.41
\nBid-YTW : 4.60 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 18.77
\nEvaluated at bid price : 18.77
\nBid-YTW : 4.34 %<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nDeemed-Retractible<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.30
\nBid-YTW : 6.38 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 13.85
\nEvaluated at bid price : 13.85
\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.66
\nBid-YTW : 6.38 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset<\/td>\n1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 18.43
\nEvaluated at bid price : 18.43
\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset<\/td>\n1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 18.22
\nEvaluated at bid price : 18.22
\nBid-YTW : 4.38 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 18.26
\nEvaluated at bid price : 18.26
\nBid-YTW : 4.35 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 18.25
\nEvaluated at bid price : 18.25
\nBid-YTW : 4.39 %<\/td>\n<\/tr>\n
BNS.PR.Q<\/td>\nFixedReset<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.12
\nBid-YTW : 4.52 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset<\/td>\n1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.45
\nBid-YTW : 7.37 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 4.94 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 13.30
\nEvaluated at bid price : 13.30
\nBid-YTW : 4.47 %<\/td>\n<\/tr>\n
BMO.PR.Q<\/td>\nFixedReset<\/td>\n1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset<\/td>\n1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.83
\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n
BNS.PR.Y<\/td>\nFixedReset<\/td>\n1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.99
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset<\/td>\n1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 19.88
\nEvaluated at bid price : 19.88
\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n
W.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 23.85
\nEvaluated at bid price : 24.10
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 12.30
\nEvaluated at bid price : 12.30
\nBid-YTW : 4.72 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset<\/td>\n1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.58
\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n
BMO.PR.R<\/td>\nFloatingReset<\/td>\n1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.30
\nBid-YTW : 4.31 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 10.57
\nEvaluated at bid price : 10.57
\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset<\/td>\n1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 20.45
\nEvaluated at bid price : 20.45
\nBid-YTW : 4.36 %<\/td>\n<\/tr>\n
FTS.PR.I<\/td>\nFloatingReset<\/td>\n2.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 11.70
\nEvaluated at bid price : 11.70
\nBid-YTW : 4.28 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset<\/td>\n2.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.75
\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset<\/td>\n2.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.11
\nBid-YTW : 8.06 %<\/td>\n<\/tr>\n
CIU.PR.C<\/td>\nFixedReset<\/td>\n3.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 12.15
\nEvaluated at bid price : 12.15
\nBid-YTW : 4.42 %<\/td>\n<\/tr>\n
PWF.PR.Q<\/td>\nFloatingReset<\/td>\n4.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 13.00
\nEvaluated at bid price : 13.00
\nBid-YTW : 4.17 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset<\/td>\n216,343<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 18.70
\nEvaluated at bid price : 18.70
\nBid-YTW : 4.58 %<\/td>\n<\/tr>\n
TD.PF.G<\/td>\nFixedReset<\/td>\n163,679<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.11
\nBid-YTW : 4.60 %<\/td>\n<\/tr>\n
MFC.PR.O<\/td>\nFixedReset<\/td>\n123,846<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-06-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.04
\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n
RY.PR.R<\/td>\nFixedReset<\/td>\n118,271<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.18
\nBid-YTW : 4.77 %<\/td>\n<\/tr>\n
TRP.PR.J<\/td>\nFixedReset<\/td>\n113,227<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset<\/td>\n67,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 4.55 %<\/td>\n<\/tr>\n
There were 34 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
ALB.PR.C<\/td>\nSplitShare<\/td>\nQuote: 26.00 – 27.00
\nSpot Rate : 1.0000
\nAverage : 0.7390<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-02-28
\nMaturity Price : 25.67
\nEvaluated at bid price : 26.00
\nBid-YTW : 2.94 %<\/td>\n<\/tr>\n

TRP.PR.H<\/td>\nFloatingReset<\/td>\nQuote: 10.43 – 11.00
\nSpot Rate : 0.5700
\nAverage : 0.3821<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 10.43
\nEvaluated at bid price : 10.43
\nBid-YTW : 4.44 %<\/td>\n<\/tr>\n

BNS.PR.B<\/td>\nFloatingReset<\/td>\nQuote: 21.38 – 21.81
\nSpot Rate : 0.4300
\nAverage : 0.2655<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.38
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n

BAM.PR.C<\/td>\nFloater<\/td>\nQuote: 10.21 – 10.58
\nSpot Rate : 0.3700
\nAverage : 0.2178<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 10.21
\nEvaluated at bid price : 10.21
\nBid-YTW : 4.69 %<\/td>\n<\/tr>\n

IFC.PR.A<\/td>\nFixedReset<\/td>\nQuote: 15.51 – 15.98
\nSpot Rate : 0.4700
\nAverage : 0.3178<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 15.51
\nBid-YTW : 9.53 %<\/td>\n<\/tr>\n

BAM.PR.E<\/td>\nRatchet<\/td>\nQuote: 14.50 – 15.00
\nSpot Rate : 0.5000
\nAverage : 0.3603<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.50
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

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\u2019s called Advanced Rail Energy Storage …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-33103","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33103"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33103\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}