Investopedia: CEMIG Not The Cheap Dividend Stock It Appears To Be

The business of producing and supplying power in emerging market countries like Brazil isn't all its cracked up to be. While it's true that companies like CEMIG (NYSE:CIG) are poised to benefit from increasing electricity demand as Brazil continues to modernize and grow, Brazil is not the only emerging market to pursue a rather hard line with respect to regulation and tariffs. This has put CEMIG in the unenviable position of having to rely on M&A and cost efficiency for better performance, all while sporting a hefty debt load.

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Investopedia: Can E.ON Power Higher?

It's been an interesting couple of years for German utility giant E.ON (OTC:EONGY), and "interesting" is almost never a good thing for a utility. Not only has the company had to deal with the German government's decision to phase out nuclear power, but the economic and regulatory environment in Europe has been slipping around as though trying to walk on ball bearings. Nevertheless, the company's commitment to expand its unregulated and emerging market businesses offers the hope of more growth, though investors may question the likely returns on that growth.

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Seeking Alpha: Can AES Get Out Of Its Parents' Basement?

When I last wrote on international utility operator AES (AES), a Seeking Alpha reader commented that the company reminded him of a person who consistently tests at a genius level IQ, but never actually amounts to anything in life. As a long-term holder of AES, that comment cuts a little close to home, as there always seems to be to some external excuse for what in retrospect has become a tradition of under-performance. Although there is still potential for this company to do better, you can go broke betting on potential in lieu of performance.

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Can AES Get Out Of Its Parents' Basement?

Seeking Alpha: Will AES Finally Make Good In 2012?

Waiting for global electrical utility operator AES to pay off as an investment has been a lot like waiting for Godot, though I don't remember so many disappointments in Beckett's play. Although AES has a great collection of power generation assets, it has for some time now and management has never yet managed to wring much value out of them. With new management and a new plan, perhaps long-suffering investors will see some rewards for their patience in 2012.

The New New Plan
Long-term investors in AES have heard enough new plans over the years that they should well be skeptical. In particular, AES has a long history of shuffling the deck – selling this or that project and investing hundreds of millions into the next “big thing” all in the hopes of generating some real returns from a large asset base. Heretofore, it hasn't worked out so well and investors would have frankly done better with a money-market account for the last decade.

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Will AES Finally Make Good In 2012?