Florida is About to Surpass New York in a Key Metric for Many Companies

With Florida likely to overtake New York in 2014 as the third most populous state in the U.S. behind California and Texas, I wanted to focus on Juno Beach, Florida-based NextEra Energy (NYSE: NEE  ) . According to the company's December Investor Presentation, the utility player gets 59% of its energy production from natural gas, 22% from nuclear, 15% from wind, and 1% from solar with coal, hydro, and oil balancing the rest of their fuel mix.

NextEra services roughly 4.6 million customers in Florida through its Florida Power & Light (FPL) subsidiary, so the influx of people to the state should help the company benefit from higher revenue potential, especially since they have one of the cleanest emissions profiles among major domestic power producers, and they may get FERC approval for a 125 mile natural gas pipeline that runs through the heart of Florida which has already been approved by the Florida Public Service Commission. 

Blaming rising fuel costs, FPL, Duke Energy (NYSE: DUK  ) , which owns Duke Energy Florida, and Tampa Electric, a subsidiary of TECO Energy (NYSE: TE  ) , all won rights to raise rates starting this month to cover those costs by Florida's Public Service Commission. Now that the utility players got the rate rise they sought, attention should focus on delivering reliable services which just might boost investor interest in TECO. TECO pays out a hefty 5.2% dividend and is focused on meeting electric vehicle electricity demand. Considering the company's five track record for the fewest and shortest interruptions among the state's investor-owned utilities, TECO may be a name new Floridians and investors should know.

Boost your income with these dividend heavy-hitters

One of the dirty secrets that few finance professionals will openly admit is the fact that dividend stocks as a group handily outperform their non-dividend paying brethren. The reasons for this are too numerous to list here, but you can rest assured that it's true. However, knowing this is only half the battle. The other half is identifying which dividend stocks in particular are the best. With this in mind, our top analysts put together a free list of nine high-yielding stocks that should be in every income investor's portfolio. To learn the identity of these stocks instantly and for free, all you have to do is click here now.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2792149, ~/Articles/ArticleHandler.aspx, 12/21/2014 7:38:44 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement