Motley Fool claims to know the top 3 "smart" utility stocks
By: SGN Staff
Quick Take: Motley Fool is a heavily trafficked site for investment advice. Contributor Justin Loiseau recently touted three utility stocks he recommends because they are getting smart about the smart grid. Quick summary below, or view the full post. - By Jesse Berst
After beginning with the assertion that "utilities are, generally speaking, stupid," Motley Fool contributor Justin Loiseau goes on to highlight three dividend stocks "getting smart about smart grids."
1. Exelon's excellence
Exelon's (NYSE: EXC ) three regulated utilities are no stranger to smart grids. Baltimore Gas & Electric (BGE) has installed 287,000 meters, while Pennsylvania's PECO has put in 364,000 year to date. ComEd in Illinois will begin with 60,000.
2. Ameren's analyzing
Ameren (NYSE: AEE ) isn't letting Exelon have all the fun in Illinois. The utility opened the doors to its $3.3 million testing facility this week, paving the way for something smart grids still need more of - proof. Ameren expects to spend an additional $643 million over the next 10 years.
3. PPL's pilot project
PPL's (NYSE: PPL ) smart grid pilot project points to another major win for utilities and customers - reliability. A three-year, $38 million, government-financed project resulted in significant reliability improvements for PPL's 60,000 test subjects. And, as you read recently in Smart Grid News, PPL is also smart about communicating the benefits of smart grid to customers and regulators.
Jesse Berst is the founder and Chief Analyst of SGN and Chairman of the Smart Cities Council, an industry coalition.