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Strategies & Market Trends : Dividend investing for retirement

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To: Ditchdigger who wrote (12786)	10/9/2012 8:39:26 PM
From: gregor	Read Replies (2) of 34328

>>>>>I wouldn't expect heating or winter to greatly effect electric utilities as not to many heat with electric anymore. I would also expect bad winter weather(ice storm damage etc.) to negatively impact earnings.<<<<< I owe you an apology. I completely forget to mention that my screen only included utilities that also sell natural gas as heating fuel . About storm related damage and impact on earnings. I have a neighbor who lives across the street who is a retired AEP executive. This past summer we had a severe weather event that extended from Ohio , through West Virginia even into North Carolina. Since I was an AEP customer and shareholder thinking that AEP earnings would be negatively impacted by the storm damage, ( at one point 1.5 million customers were without power ) I sold all my AEP shares. Proudly I went across the street and asked if I should have sold all my AEP shares. He tells me that they regularly budget for extreme weather events and that it shouldn't affect earnings one bit . Earnings will be coming out for AEP in a few weeks so I guess the jury is still out as to whether I should have sold my shares. According to the insider , I messed up. We'll see. Gregor

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