Utilities Report

May 03, 2010

Buy ($175)

Topics covered: Tax Rate and Interest Rate Uncertainty, Renewable Energy Initiatives, Renewable Energy Build-outs, Regulated vs. Unregulated Utilities, Electricity Prices, Effects of Environmental Legislation, Demand Deficits and Long-term Effects, Current Merger & Acquisition Activity, Cap-and-Trade and Carbon Restrictions, Attractive Valuations in Regulated Utilities

Companies covered: Scana Corporation (NYSE:SCG), RRI Energy, Inc., Pacific Gas & Electric Co. (NYSE:PCG), Mirant Corporation, FirstEnergy Corporation (NYSE:FE), Exelon Corporation (NYSE:EXC), Entergy Corporation (NYSE:ETR), Allegheny Energy Inc., Paragon Offshore plc (NYSE:PGN), Public Service Enterprise Group Incorporated (NYSE:PEG), Constellation Energy Group, In, American Electric Power Company, Inc. (NYSE:AEP), NRG Energy, Inc. (NYSE:NRG), First Trust New Opportunities MLP & Energy Fund (NYSE:FPL), Edison International (NYSE:EIX), CMS Energy Corporation (NYSE:CMS), First Community Bank Corp. of