As long-time readers know, I appreciate the unique features of utility stocks. The justifications for my love affair are various and include the sector’s predictable cash flow, their mostly assured return on investment, their stability of earnings, and the confidence of their dividends. Utilities investors can choose from multiple sub-industries in the utility sector: water, natural gas, electricity distribution, electricity transmission, electricity generation, multi-industry, mostly regulated or not. Some large utilities mix and match these industries. Investors can select utilities that are local, regional, and multi-state, but all investors should be cognizant of the geography