The utility will take a $300 million to $425 million one-time Q2 hit but plans to seek damages from steam-generator manufacturer Mitsubishi Heavy Industries.
Stay current on electricity
The world of utilities is changing fast, and dividend stocks aren’t the stable stalwarts they once were. Be sure to check back weekly for the latest on your portfolio’s moves, and you’ll be well on your way to electrifying earnings.
Edison International (NYSE:EIX) may be having trouble on the nuclear front, but its trash is another utility’s treasure. As the nation moves increasingly toward clean energy, Exelon Corporation (NYSE:EXC) is perfectly positioned to capitalize on having the largest nuclear fleet in North America. This strength, combined with an increased focus on balance sheet health and its recent merger with Constellation, places Exelon and its resized dividend on a short list of the top utilities.
The article This Week in Utilities: Insider Stock Sales and Nuclear Shutdowns originally appeared on Fool.com.
Fool contributor Justin Loiseau has no position in any stocks mentioned, but he does use electricity. You can follow him on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.The Motley Fool recommends Aqua America and Exelon.
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