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For an "Executive Decision" segment, Cramer checked in with Tom Farrell, chairman, president and CEO of Dominion Energy (D) , the utility that just posted a 10-cents-a-share earnings beat. Shares of Dominion are down 20% for the year and sport a 5% dividend yield.

Farrell said that Dominion is celebrating the opening of their liquified natural gas export facility, which has been under construction for three years. The facility came in on time and on budget, costing $4.1 billion. U.S.-made natural gas is already en route to India and Japan, he said.

When asked about his slumping share price, Farrell explained the Federal Energy Regulatory Commission, or FERC, surprisingly reversed a 40-year policy with no notice. The new ruling, which the industry has asked be reconsidered, caused the hit to their finances and will make it difficult to finance gas infrastructure going forward. That said, the company plans no more stock sales until at least 2020.

Turning to the topic of renewable energy, Farrell said Dominion has installed 2,000 megawatts of solar in nine states and has wind farms in two states. His company is looking at offshore wind as an option, but he noted that all renewables need gas infrastructure to back them up in the evenings.

Cramer and the AAP are buying PepsiCo (PEP) into today's weakness. They say the recent selloff has become largely overdone. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

Over on Real Money, Cramer talks about the service stream that Apple (AAPL) has pretty much backed into. Get more of his insights with a free trial subscription to Real Money.

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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, PEP.

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