Environmentally friendly; Go Green; Carbon Cap; Global Warming. What do these phrases have in common? They are all used in commentary in regards to the global movement towards clean energy and environmental stability. It was a sticking point in President-elect Barack Obama’s campaign as well as a hot topic among the populous in the United States and most other developed nations. What does this mean for businesses and corporations, particularly utility companies? Legislation is pending, and every step forward will need to be one that considers the color green. The list that follows is a breakdown of five green utilities that are publicly traded, all of which are in the process of turning their businesses green to stay at pace with this pending worldwide movement.
1. Florida Power & Light (FPL): The forecast for South Florida is very windy, at least in the eyes of its electricity provider, Florida Power & Light (FPL: 45.49, 0.00 (0.00%)). The company, currently serving 4.5 million customers, is rigorously expanding its already impressive market leading wind portfolio. FPL has an extensive pipeline of wind production that will transform the company into a green empire that will surely make Mr.
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