Thanks Nick. Hydro and Nuclear the key here, as the are both Base Load power. Necessary for viability of intermittent wind and solar.

Despite the hypothetical investment making no sense at all (i.e. you just get back the exact dollar amount you invested), the share price of the public company performs strongly. Takeaway - return on assets far more reflective of underlying merits. Attractive yield or growth can easily mislead.

Long horizon investors might strongly consider borrowing long to invest in inflation linked assets (real estate, infrastructure, strong franchise equities).