This Week in Utilities: Dividend Increases and Earnings Reportshttp://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
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