Hey thre,
Capital Power is one I own and is one I'd be comfortable adding too. The company missed estimates this past quarter but is still on track to meet stated targets. There aren't many utility companies that provide outsized growth + dividend growth and Capital Power is one of them. It's not cheap right now, but it's also not overly expensive.
It's trading at a high 24 times earnings, but that drops to 17 on a forward basis thanks to expected growth rates. I think the company is fairly valued here and I never have any issues in taking positions in good companies at fair value. I would not expect crazy growth, (IE don't expect 20%+ annual growth like this year) but solid high single to low double digit growth is certainly possible. That is solid growth from a utility company. Add this level of growth to the company's very attractive 5.38% yield and it should be a good stock to own over the next few years.
As mentioned, I own it and will happily be a shareholder for years to come based on how they are progressing.
Mat