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Stocks For The Long Run: FPL Group (FPL)Electric Utilities: To help balance your portfolio, include a top-quality electric utility. Demand for electricity grows with the overall economy - and also with the population. Much of an electric company's business is subject to rate regulation, which limits its profit margins. So revenue growth is the key to above-average earnings increases. FPL Group, the holding company for Florida Power & Light, provides electricity to much of eastern and southern Florida. The population in this area is growing 2.3% a year. FPL also owns a wholesale energy business that isn't subject to rate regulation. It focuses on cleaner energy, including wind and solar power, and operates in 24 states. This business accounts for more than 20% of FPL's net income and is growing faster than 20% a year. Thanks to the boost from this profitable sideline, total earnings are projected to grow as much as 10% annually over the next five years. That's very fast for an electric company. The stock yields 3.4%, and FPL has boosted its dividend every year for the past decade.
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