To have public- and private-sector leaders think alike is refreshing. During a recent EIA conference in Washington, D.C., Southern Co. (NYSE: SO ) CEO Tom Fanning reiterated points made by both President Obama and Secretary of Energy Ernest Moniz. His three points revolved around improving the capability of the United States to effectively and efficiently produce and distribute necessary electricity power.
Based on his three points, it is clear that we have some work to do, but momentum is being generated in a positive direction. Utilizing the full portfolio of energy options is priority No. 1, and Southern Co. is providing a great blueprint for how this could roll out. The other two points he believes are critical are that we need to make it a national priority and shore up our country's financial situation.
Speaking of a full portfolio, nuclear energy and other renewable sources have been key components of Exelon's business model for quite some time. Exelon has positioned itself with the largest nuclear fleet in North America. This strength, combined with an increased focus on balance sheet health and great generation diversification, places Exelon and its resized dividend on a shortlist of the top utilities. To determine if Exelon is a good long-term fit for your portfolio, you're invited to check out The Motley Fool's premium research report on the company. Simply click here now for instant access.
While the last two points on Fanning's list are a bit more complicated, his first point is discussed in greater depth in the video below.