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☆ This utility stock is the standout of its sector and it's raising its dividend. Here's what Wall Street says is next
▼ + stars: | 2024-03-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

The utilities sector is living in the shadows of mega-cap tech, but a power player name is emerging — and it's toting year-to-date gains of more than 40%. Constellation Energy , headquartered in Baltimore, is the top winner in the utilities sector in 2024, with NRG Energy in a distant second place with a 22.7% advance. Indeed, the utilities sector and real estate are the two laggards of the S & P 500 , down about 1% and 3.5% in 2024, respectively. CEG XLU 1Y line Constellation Energy versus the Utilities Select Sector SPDR Fund over the past year Constellation, which currently has a dividend yield of 0.8%, isn't your father's utility. So-called 24/7 carbon-free power involves purchasing electricity generation from the same region where a corporate client will use it.

Persons: it's, CEG, James Thalacker, It's, Daniel Eggers, Sophie Karp, BMO's, Joseph Dominguez, Steve Fleishman, Ross Fowler Organizations: Constellation Energy, NRG Energy, Utilities, SPDR Fund, BMO Capital, Atlantic City Electric, Baltimore Gas and Electric, Delmarva Power, Constellation, Microsoft, Wolfe Research, Republican, UBS Locations: Baltimore, Virginia

The East Coast Is Sinking New satellite-based research reveals how land along the coast is slumping into the ocean, compounding the danger from global sea level rise. SINKING BY 2050 RISING –5 +5 cm –20 –15 –10 0 Atlantic City is sinking up to 4 centimeters per decade. SINKING BY 2050 RISING –5 +5 cm –20 –15 –10 0 Several hotspots in Maryland are sinking over 10 centimeters per decade, while other areas are rising. SINKING BY 2050 RISING –5 +5 cm –20 –15 –10 0 Charleston, S.C., which is affected by groundwater pumping, is sinking up to 5.7 centimeters per decade. Portland, Maine 47.0 cm 45.8 cm +40 cm 40.6 cm Relative sea level rise 33.8cm +30 cm +20 cm SUBSIDENCE +10 cm Change since 1925 Global sea level rise 1925 2023 1925 2023 1925 2023 1925 2023 Sources: Dangendorf (2019) and the National Oceanography Centre.

Persons: ”, Leonard Ohenhen, Kenneth Miller, Inner Harbor BOSTON Charles, “, Miller, “ We’ve, Sandy, we’ve, Sandy Hertz, Hertz Organizations: Virginia Tech, U.S . Geological Survey, NASA, Rutgers University ., Places New, National Oceanography, The New York Times, East Boston Charleston East Cambridge Airport, Inner, Pleasure, Roxbury, Boston City Archives, Boston Public Library, Boston Groundwater Trust, PNAS, Rutgers University, American Society of Civil Engineers, Army Corps of Engineers, Maryland Department of Transportation Locations: Boston, New York City, Long, Maryland, Hampton, Va, Charleston, S.C, Florida, Miami, Places New York City, N.Y, Atlantic City, N.J, Mass, Portland , Maine, York City, New Jersey, East, Inner Harbor BOSTON, Pleasure Bay, Savin, Roxbury Grove, Shirzaei, Cape Canaveral, exurbs, Delaware, Atlantic, East Coast

Videos from social media showed riverfront communities in North Carolina such as New Bern, Belhaven and Washington experiencing significant flooding. Tens of thousands of North Carolina homes and businesses remained without electricity across several eastern counties as of Saturday afternoon, according to poweroutage.us, which tracks utility reports. A Duke Energy map showed scattered power outages across much of eastern North Carolina, as winds toppled tree limbs and snagged power lines. Brian Haines, a spokesperson for the North Carolina Division of Emergency Management, said there were reports of downed trees but no major road closings. The governors of North Carolina, Virginia and Maryland each declared a state of emergency on Friday.

Persons: Ophelia, Philippe Papin, Papin, Jeff Brooks, WTVD, Brian Haines, Carl Cannon Jr, Cannon Jr, ”, Michael Brennan, “, ” Brennan, Lee, Aaron Montgomery, ___ Mattise, Jackie Quinn, Ron Todt, Sudhin, Christopher Weber Organizations: U.S, National Hurricane Center, Coast Guard, Duke Energy, North Carolina Division, Emergency Management, Beaufort Pirate, AP Radio Locations: ANNAPOLIS, Md, North Carolina, Virginia, Richmond , Virginia, Charlottesville , Virginia, Delmarva, New Jersey, Jersey, Sea Isle City, New York, New England, East Coast, Emerald Isle , North Carolina, New Bern, Belhaven, Washington, Lookout Bight, Cape Lookout , North Carolina, North, Banks, Beaufort, “, Maryland, Boston , New York City, Williamsburg , Virginia, Virginia Beach, Nashville , Tennessee, Philadelphia, Atlanta, Los Angeles

☆ Water's edge: the crisis of rising sea levels
▼ + stars: | 2014-09-04 | by ( Reuters Graphic | ) www.reuters.com time to read: +20 min

But sea levels have been rising for 100 years in Baltimore.”ROCKET SCIENCEThe irony is evident at Wallops Flight Facility. Yet this bastion of climate research has been slow to apply the science of sea level rise to its own operations. Reviewers from state and federal agencies criticized the 348-page document for failing to adequately take rising sea levels into account in the project design and impact, or to temper future plans for expansion. Joshua Bundick, Wallops’s environmental planning manager, explained that he distilled the issues “down to only the highest points,” and sea level rise wasn’t among them. The cost to American taxpayers of repeated destruction of the parking lot and causeway from rising sea levels would only increase, Fish and Wildlife officials said.

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