Any utilities worth owning once the greens get their cap & trade?
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With the economic slump, a persistent climb in the cost of energy, financing via
the bond market becoming more costly and the assault on carbon emissions by
Congress and the Obama administration, only FPL Group Inc. (FPL) among the major
domestic electric utility companies, has managed to hold onto a grade in the
“A” range from ThsStreet.com Ratings. Even with a home base in Florida--a
state routinely fingered, along with California and Nevada, as a disaster area
of housing—FPL Group is expected to maintain double-digit earnings growth for
at least the next couple of years. FLP Group consists of two primary divisions.
The firm’s Florida Power
DUK also just asked the state of NC for about a 12% rate increase. (oh joy!)
I like FPL, D & ORA.
Do you know that DUK is replanting millions of acres of trees to offset their
carbon footprint? Could be a trend to come.
Ameren - AEE - Xcel Energy - XEL - FPL Group - FPL - NRG Energy - NRG .
Cap and trade is an industry killer, lets hope it doesn't pass because it does
not benefit anyone except companies that develop unproven technology and
expensive speculative investments that would not be economically viable
otherwise. The trades could be the engineering stocks like ABB, EMR, JEC, SGR
ect.
I like T and VZ. I'm currently long T but have been in both. Both have a nice
solid divy and I think that both are undervalued as people are looking for the
high fliers again.
ED, telecom and water utilities.
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