POM is under intensive fire for flubbing the snow of last week. It took much of four days for most of Montgomery County get back on power, myself among them. Stock dividends and high executive salaries prevent capital improvements. Somethings's got to go and it could be a cut in dividends next time around; management won't take any cuts, you can be sure of that.
This co may need to cut the dividend. They are paying out too much now. You may want to look at CPK. They are a Gas utility in DE & FL that has increased its dividend many times over the last 50 years. Good balance sheets also.
Company is going to make about $1.09 and gives $1.08 as dividend. There is no chance of dividend increase for the next two years. It is difficult to get rate increase with the soft economy; lots of shopping center, business closing and including residential bankruptcies create unexpected losses.