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Lights Flicker for Utilities

What if the stock market’s safest sector was doomed?

Utilities seem indispensable. Yet suddenly there is talk on Wall Street of a looming "death spiral" for the business, with solar power being the culprit.

Hyperbole? Yes, but only up to a point. Back in May, the Dow Jones Utility Average came within a whisker of its precrisis all-time high set early in 2008. High dividends sell well with investors when interest rates are so low, especially when such payments are backed by something as solid as the electricity grid.

By
Liam Denning

Full Story: http://online.wsj.com/news/articles/SB10001424052702304773104579270362739732266

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