SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?


To: Ditchdigger who wrote (12786)10/8/2012 7:49:24 AM
From: Ditchdigger2 Recommendations  Respond to of 34328
 
edit-make that 5 times, forgot burning it!!



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