• Twitter
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Feature Article

Two Ways to Play the Return of Utility M&A

By Roger S. Conrad on Jun. 10, 2024

No merger between operating utilities has ever failed to create a stronger, more resilient company. That’s a claim no other sector can make.

Providing electricity, heat, communications and water service is a scale business. Larger companies spread out costs over a wider population and raise vast sums of capital more easily. And they’re better able to handle the inevitable handle shocks to the system, be they natural or man-made disasters.

Over the past century and a half, there have been literally thousands of mergers of operating electric, natural gas and water companies. And from the literally hundreds of communications companies that sprang up following the 1984 AT&T breakup and 1996 Deregulation, market power has consolidated in the hands of the US Big 3: AT&T Inc (NYSE: T), T-Mobile US (NSDQ: TMUS) and Verizon Communications (NYSE: VZ).

Conrad's Utility Investor

Invest Smarter! Join Conrad’s Utility Investor!

What sets renowned income-investing expert Roger Conrad apart from the pretenders? His more than two decades of covering utility stocks and essential services—a wealth of knowledge and experience that you can’t find anywhere else.   

Smart investing. Taking advantage of real opportunities and not fads (and knowing the difference). Finding the companies and stocks that will deliver for the long haul, so investing lets you live instead of investing turning into your life. Roger Conrad has dedicated his career to these principles—and that’s what Conrad's Utility Investor delivers.

Subscribe today for instant access to a treasure trove of investment insight and knowledge, as well as Roger’s exclusive model Portfolios and ratings of more than 200 essential services.



Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth. Roger b