This 100 Year Old Utility May Turn Back Time

Entergy (NYSE: ETR  ) recently hit its 100-year anniversary. Sure it will decommission Vermont Yankee in 2014, but the company remains long-term bullish on nuclear power and still believes Indian Point in Buchanan, NY will be vital component of the area's power supply. Entergy generates 30,000 megawatts of power, 10,000 megawatts directly from nuclear, and I'm expecting nuclear to once again become a compelling investment story in 2014, especially if the U.S. wants to meet 2020 carbon goals.

Investors may be happy to know Entergy has a big emphasis on safety and the environment, which is evidenced by the company's inclusion in the 2013-2014 Dow Jones Sustainability World and North American Indices. This power player is actively looking at ways to effectively prepare the grid for an increased amount of electric vehicles, an area I believe is only at the beginning of a large growth phase. A rejected move to spin off Entergy's transmission system to ITC Holdings will likely force management to seek another, perhaps more unique way to monetize that asset next year. Keep in mind there has been strong interest in the company's Dec $65 calls, which could be indicative of a pre-New Year's short squeeze coming. 

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