Our home page: http://tinyurl.com/2y3ynt WATCH: DUK Duke Energy Message List Reply | Forward | Delete Message #739 of 742 < Prev | Next > 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 article:
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%