This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Wisconsin Energy Management Presents At Goldman Sachs 11th Annual Power And Utility Conference (Transcript)

Stocks in this article: WEC

George Liparidis



Well, I'll speak on the international side. What we've seen is in the countries that we've invested outside of the US are very competitive environment for asset acquisitions or greenfield projects that get bid by government entities. So it’s a constant battle to get new investments going in these countries because its competitive. But at the same time, we are finding a lot of opportunities given the environment that we're operating in. so relative to the US, there is a lot more projects that can be developed or structured with limited competition. So it allows us to have very good returns on those projects regardless of what the interest rate or the cost are for funds.

Ray Leung

May be Rick, can you talk a little bit about what Wisconsin, like you've gone through a large capital program now you have all this cash potentially from that but are there things that you can do on capital structure that you sort of look through in this interest rate environment?

Rick Kuester



Well, Ray, basically as you said, we're coming through a large, we just finished a large construction program and just as white background we are basically primarily a regulated utility with basically all of our investments in the US. So our first priority is to meet cost per needs by reinvesting in the business and earning a competitive return within the context of regulation. And reinvesting in the business by define our core business as our regulated utilities where we earn 10.4%. our investment in American transmission company where we earn 12.2% and then from time to time we have incremental investment needs in our power to future units where we earn 12.7%. so that's our first priority in terms of how we allocate our capital. We've also recently at the beginning of the year increased our dividend by 15% and the board has looked at our policy around dividend payout and has indicated that we are going to move our payout ratio to 60% which we think is competitive within the industry and we are going to do that by 2013 and that would imply double digit increases over the next couple years.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs