The following list shows the top ten utilities in terms of yield, along with the area they serve and the fuels which produce much of their electrical generation. Yield is calculated based on the annual dividend payment, divided by the closing price per share on March 21:
Great Plains Energy Inc. (GXP) Yield: 5.155%. Serves western Missouri and eastern Kansas. 73% coal.
Progress Energy Inc. (PGN) 4.78%, North Carolina, South Carolina, and Florida. 30% coal, 35% oil.
UIL Holdings Corp. (UIL) 4.77%, southwestern part of the State of Connecticut.
Hawaiian Electric Industries Inc. (HE) 4.75%, Oahu, Hawaii, Maui, Lanai, and Molokai. 61% oil.
Pinnacle West Capital Corp. (PNW) 4.4%, Arizona.
Southern Co. (SO) 4.3%, Alabama, Florida, Georgia, and Mississippi. 67% oil, 11% oil.
Disclosure: Author owns PGN.