Transalta Corp (NYSE:TAC)

You want relative safety? Utility, check.
You want some diversity? Yes it has coal but it also has a great renewable energy program.
You want stability and an economy that might hold up? It operates in Canada, the U.S. and Australia.
This is "Canada's largest publicly traded power generator and marketer of electricity and renewable energy".
Oh, and the now 7% or so yield doesn't hurt.
It is trading at the low end of it's 52 week range. Upside looks uncertain, as who knows where the global economy will go from here. So you may not get a whole lot of appreciation while you sit there and pocket your 7% yield, but the downside risk seems minimal. At some point, the economy WILL improve, and so will TAC. In the meantime, 7% on a large, diverse and critical utility (everyone needs power) is not such a bad deal at all.
Most of you have probably never heard of this hundred year old company. Their website is very informative. I suggest you take a look, if you're looking for safety and income.
http://www.transalta.com/about-us