#3 – Westar Energy
Westar Energy, Inc. (NYSE: WR) is another electric utility I like for December.
One of the difficulties in making money from wind-power generation on the Great Plains has been a lack of transmission capabilities for power companies to move wind power from the open plains into the cities where it is in demand. To fix that problem, Prairie Wind Transmission, a joint venture between Westar and Electric Transmission America, is working to build a 345-kv transmission line from windy areas of Kansas to population centers in the region.
The new transmission cables are a great plan for long-term growth. And with a nearly 5% dividend yield and payouts since 1924, Westar has a nice income angle for investors as well.