A diversified energy company that, through its operating subsidiaries, is engaged primarily in two principal business operations: electricity and natural gas delivery, and competitive energy generation, marketing and supply.
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This is a well managed company that should be flush with cash after the sale of power generation assets to Calpine Corporation CPN, for $1.65 billion. I love my dividends. Plus we are coming out of recession which should improve profit for POM. I agree it is on the right path to a target price of $21.