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This Week in Utilities: Dividend Increases and Earnings Reports

http://www.fool.com/investing/general/2013/04/27/this-week-in-utilities-dividend-increases-and-earn.aspx

Justin Loiseau
April 27, 2013

From dividend increases to Earth Day celebrations, utilities have been busy this week. Here's what you need to know to keep your portfolio's profits pouring in:

Electrifying Earth Day
Several utilities took the opportunity of Earth Day (Monday) to espouse environmental efforts. Southern (NYSE: SO) loaded on 139 MW of solar and 250 MW of wind to its energy portfolio. The utility currently produces around 1,350 MW of generation from solar, hydropower, biomass, and landfill methane gas, equivalent to around 2.9% of its total capacity.

Duke Energy (NYSE: DUK) released its sustainability report, updating shareholders on its $9 billion modernization project. The utility expects to retire 6,300 MW of coal capacity over the next few years and expects to own or purchase 6,000 MW of wind, solar, or biomass power by 2020.

PPL (NYSE: PPL) celebrated Earth Day with the opening of a unique "clean coal" facility that recovers around 300,000 tons of gypsum mineral annually to be used in fertilizers. "Innovative projects like this show how coal has and will continue to be a major contributor to the economic vitality of Kentucky and of the U.S., not just in the energy sector, but in science and innovation and now agriculture," said Senate Minority Leader Mitch McConnell (R-Ky.) at the plant's grand opening. In the next five years, PPL expects to invest around $6 billion in its system.

It's earnings season
In the blink of an eye, Q1 2013 is here and gone. Southern reported earnings this week, hitting sales expectations but missing slightly on earnings. Any longer-term progress was negated by a $333 million after-tax charge for increased construction costs at a new power plant. The company