First Energy: My latest stock purchase

Yahoo Finance Profile: FE

Comment: Buying for the 5.6% dividend rate. We'll see how this turns out (There's got to be a better way to make 5% than what I've been trying!)

More on First Energy

FirstEnergy to Buy Power Rival Allegheny

Excerpt:

FirstEnergy Corp. agreed to acquire Allegheny Energy Inc. for $4.7 billion in a stock deal that would create a big regional utility but could encounter resistance from states unless it yields local benefits.

The transaction—the kind long predicted by analysts but slow to materialize in the fragmented utility sector—would create a company with 10 utilities and six million customers stretching across seven states.

Comment: Looks good to me because of the dividends