Marc Wechsler

Buy: Limit at $14.50-$15.00 Sell: Limit at $20

• Energy Company • U.S. Franchised Electric and Gas• Commercial Power• International Power

• Supplies energy to ~4 million U.S. customers• ~ 35,000 megawatts in the Midwest and the Carolinas• Natural gas distribution services in Ohio and Kentucky• ~ 4,000 megawatts in Latin America.• Based in Charlotte, North Carolina

• HELPING THE ENVIRONMENT!!!!• Nuclear power plant in the Carolinas• Two combined cycle natural gas-fired units at existing facilities in the

Carolinas• Advanced cleaner-coal plants in the Carolinas and Midwest• Pursuing renewable power plant technologies• Pursuing additional energy efficiency and conservation

• Obviously many other conventional plants (hydro-electric/gas/electric/etc)

Current Price: $15.70 P/E Ratio: 18.43 Beta: 0.38 Dividend/ Yield: $0.24/ 6.10% EPS: $0.86 52-Week Low: $11.72 52-Week High: $17.20 Market Cap: $20.41B Institutional Ownership: 51%

• NiSource Inc & CenterPoint Energy• Much smaller market caps• Smaller net profit margins• Smaller dividends • NiSource had a Q3 loss• Are not as committed to responsible change for the environment

• Dominion Resources• Smaller dividend• Downgraded to underperform by Jeffries & Co. on 9/10

• Follows our goal of socially responsible investing (new technologies that are better for the environment)

• Q2 & Q3 results are up and look good• Although it might have to pay ~ $120 million

in carbon-trading costs, the plans for its alternative energy plants could help defray carbon-costs