American Electric Power Company Inc (AEP), Duke Energy Corp (DUK)- Five Utilities Making Moves: New Natural Gas and Neglected Nuclear

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Natural gas notions
Duke Energy Corp (NYSE:DUK)’s not the only one eyeing natural gas. Dominion Resources, Inc. (NYSE:D) announced Friday that it has received approval for a 1,358 MW natural gas plant in Virginia. The facility will make up for cut capacity from retiring coal plants, and should results in significant energy savings. Construction costs for the $1.3 billion plant will be covered by rate increases, and Dominion Resources, Inc. (NYSE:D) expects to save around $96 million in fuel costs in the first year alone. The company is breaking ground immediately, and expects the plant to be up and running by summer 2016.

Rate my rates
Missouri regulators announced Thursday that Ameren Corp (NYSE:AEE) must return $26.3 million to its 1.2 million customers for misclassified filings that previously pushed rates higher. The Missouri Public Service Commission found that some of the utility’s agreements should have counted as sales, pushing the company’s top line up to offset increasingly expensive fuel. Ameren Corp (NYSE:AEE), for its part, noted that the power sales were temporary replacements for lost demand from an aluminum manufacturing customer.

This isn’t Ameren Corp (NYSE:AEE)’s first row with regulators. A previous ruling required Ameren Corp (NYSE:AEE) to puts $17.1 million back in its customers’ pockets.

Stay current on electricity
The world of utilities is changing fast, and dividend stocks aren’t the stable stalwarts they once were. Be sure to check back weekly for the latest on your portfolio’s moves, and you’ll be well on your way to electrifying earnings.

The article 5 Utilities Making Moves: New Natural Gas and Neglected Nuclear originally appeared on Fool.com is written by Justin Loiseau.

Fool contributor Justin Loiseau has no position in any stocks mentionedbut he does use electricity. You can follow him on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.The Motley Fool recommends Dominion Resources (NYSE:D) and National Grid.

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