Why the drop over the last 3 days, since the year highs? Is it utilities in general? AEP had a great QTR, and reaffirmed 2014 guidance, so I don't get it.
(Dividends are paid on or about March 10, June 10, September 10 and December 10 to shareholders of record on or about February 10, May 10, August 10 and November 10, respectively)
Yes, select utilities are hot right now .. i've been watching AEP since their sudden upward movement a year ago (18 mos?)
Although I don't own AEP, I do own about 6,300 shrs in another utility that probably shares growth and may be working with AEP in certain areas. .
I've done a little D.D. on AEP & others. their svc territory & growth potential looks like another 'hot' ut area to me ... nice divy too (glta)
A bored Yahoo Message Board TROLL posting "copy/cut/paste" (incomplete) messages - a (greenie weenie) Troll that has lost his 'first Trolling/Posting ID', reverted back to original (long time) ID - still bored and posting incomplete "copy/cut/paste" articles.,,,,,,, being reported as spam (again) ,,,,,,,,,,,,,,,
This polar vortex really doest have much to do with the U.S. Electric grid (per se).. and BTW, search "National Electric Grid (US), they're their own company(s) .. besides, technology & improvements are always being made there, and assisted thru co-operation of all Utilities.
Dominion Resources (D) even developed and patented 'new technology' on voltage reduction that actually improves Electrical Transmission to you, the customer.
Did you know 'solar flares' (yes, from the Sun) can disrupt and damage electrical grids !! It happened in Canada a few years back. That was Mother Natures event, so was the Polar Vortex .. which spurred these unanticipated unpredictable "extreme events" .. therefore warnings (for customers) were issued about Peak Demand .. and YOU did good by heeding this warning (thank you).
While you're at it, read up on Electrical Demand. AND if anyone ever tells you that 'kilowatts' can leak out of your 'electric meter' and kill your flower bed ... don't believe them !!
Also, owning local Utility (dividend paying) Stock can be thought of as a 'discount' on your electric bill :-)
...... you're welcome (in advance :-) .........
There are 2 issues here.
The request to conserve power was mainly because of a shortage in available generation to meet the peak demand. When demand from customers is as high as it was during the recent polar vortex, if not enough generation is online to meet that demand, voltage across the grid will go down below the min and the grid will start to shut itself down if the grid operator doesn't start shedding load themselves. Many Grid operators exceeded their previous winter peaks which definitely stressed the system. No electric company is building generation right now because of inadequate compensation for that new generation. And that compensation amount is set through a flawed bidding process run by the Grid Operator.
Also, improvements to the grid are definitely needed and will help with min generation problems. AEP is currently spending billions to improve the grid but each project must be approved by FERC before starting. I agree that we should all be concerned about our existing energy grid but we should more concerned by the lack of generation available to replace the coal generation scheduled to be shut down by the new EPA regulations in 2015.