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Duke Energy Corporation Message Board

  • stockteam1 stockteam1 Apr 8, 2008 6:01 PM Flag

    stockteam1 a Yahoo Group: WATCH DUK

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    Just read this article on Duke Energy DUK. It is up a lot in the past
    couple of days, after being down for a while. I've been watching
    utilities and coal companies for some time now with the belief that
    coal is just going to have to go up. Now we know it has and will
    continue. I also watch SO, Southern Company. These companies have
    historically not been for the get rich quick types, but now it
    appears that they might have some faster price gains, along with the
    nice dividends if we ever own them long enough. Here's part of the

    In the first year since spinning off its natural-gas pipeline and
    energy-exploration businesses, Duke Energy (nyse: DUK - news -
    people ) has laid the groundwork for fairly steady per-share earnings
    growth in the mid-single-digits over the next five years. The company
    is building new coal-fired power plants in North Carolina and
    Indiana. Duke also filed an application in December 2007 to build a
    nuclear power plant in South Carolina.

    Duke is reaching beyond traditional, fossil-fuel power generation.
    The company bought 100 wind turbines from General Electric (nyse: GE -
    news - people ) in December 2007 and purchased wind-power assets
    from Tierra Energy earlier in the year. By the end of 2008, Duke
    plans to have three renewable energy projects running in Texas and
    Wyoming. Duke has more than 2,500 megawatts of wind-power projects in
    its pipeline, roughly equal to 30% of the company's current
    commercial generation capacity. The commercial power business should
    be a major driver of profits in future years.

    After several years of divestitures and the purchase of a large
    electric utility, Duke looks a lot more like a traditional utility
    than it did a few years ago, though it still holds a stake in a real
    estate business. Duke, yielding 4.9%

78.34+0.28(+0.36%)Apr 28 4:03 PMEDT