We are not just holding we added recently to a few out of favor Utillities . This is a qaulity holding that is in questionable times . They did get in debt problems with the merchant power buildout . So TE sold off their water transport business . Now they have to prove to the street they can grow earnings through effciency and internal growth to balance the lost income .They are refinancing while the rate enviroment is good . We all know their is real inflation and rates will rise once the fed jumpstarts the economy after these qoute " problems " . TE isnt the sexiest play but it should get one where they need to be . PGN , GXP are in the Dogs group . Southern Utillities tend to be where once should concentrate due to population shifts . For us we see the GXP area as eventually benifiting from its low cost of living and agricultural / energy base . I think were closer to the end of the selling in the Utillity sector short term then the start . Long term over the decades they always have done well by us . Good Southern NG Utillity is PNY if anyone is interested .