In the wake of Warren Buffett's recent decision to purchase Nevada's NV Energy (NYSE:NVE), investors should be asking themselves what made this utility company so attractive to the Oracle of Omaha, and are there other similar deals out there?
One such utility stock that I think is particularly attractive and has strong long-term potential, either as a takeover target or a standalone company, is Great Plains Energy (NYSE:GXP). GXP is a major utility company with operations in western Missouri and Eastern Kansas. The firm is headquartered in Kansas City and has more than 800,000 utilities customers. While most of the company's customers are households (700K+), the company also provides electricity to roughly 100,000 commercial customers and...
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