Entergy Corporation (ETR), Dominion Resources, Inc. (D), TECO Energy, Inc. (TE) – This Week in Utilities: Neglected Nuclear, Offshore Wind, and More

“The proposed settlement represents a fair and constructive outcome. We are pleased to reach agreement with groups representing all our customers,” said TECO Energy, Inc. (NYSE:TE) President and CEO John Ramil in a statement. “This settlement is comparable with other agreements recently reached in Florida, including return on equity and with the appropriate adjustments to revenue.”

Ramil is right. In the company’s last earnings report, TECO Energy, Inc. (NYSE:TE) expected Tampa Electric’s return on equity to clock in at less than 9% for 2013. When compared to NextEra Energy, Inc. (NYSE:NEE)‘s Florida Power & Light utility, TECO Energy, Inc. (NYSE:TE)’s profit looks puny. NextEra Energy, Inc. (NYSE:NEE) currently pulls in 11% return on equity, a massive difference in the world of regulated utilities . This latest settlement puts Tampa Electrics’s new ROE at 10.25%, a much-needed improvement over its previous rate .

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The article This Week in Utilities: Neglected Nuclear, Offshore Wind, and More originally appeared on Fool.com and is written by Justin Loiseau.

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 Dominion Resources.

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