sstro

Electric Utilities: Thus Far a Relative Safe Haven

The utility I own hit a low of 22 on 10/8 since then it has been flirting between 25 and 30. I was worried that we would test that low yesterday but alas we didn't. It's winter in the east or it's getting really close and people have to pay their bill or they will get cut off sooner then later in this economic time. Let them pay with the plastic the utility will gets it's money from the card companies and they can deal with the collection headaches. People will forgo a lot of things to have lights and stay warm. They also have to eat so that is another sector that will survive.