Utilities sector

[Dividend Watcher]

I just lightened up on NU yesterday. At the top of their P/E band, yield now hovering just under 3%, FERC just gave them a mild spanking last fall with their allowed ROE and CL&P rate case was similarly tight. They have a bright future with the NStar acquisition and bringing in more gas from the Marcellus and hydro from Quebec will ease some of their resource restrictions but that's a couple years off (at least). Trying to decide what to do with the proceeds. I'll probably get back in when the yield is in the high-3%'s.