Buy This Utility Stock. It Should Thrive as America Goes Electric.

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Workers install a new substation and add circuits to improve the reliability of a FirstEnergy unit’s electric network.

Roger Mastroianni/FirstEnergy

The U.S. is trying to wean itself off fossil fuels, and FirstEnergy an Ohio-based electric utility, should be among that campaign’s winners.

The outlook for electric utilities is the best in decades, as they invest in transmission grids and renewable power to meet demand from electric vehicles, heating, and appliances. The whole sector is heating up. Warren Buffett’s Berkshire Hathaway (ticker: BRK.A) already owns MidAmerican Energy, one of the nation’s largest utilities. Buffett likes the group’s steady, regulated returns.