Jim Cramer - Mad Money Southern Company SO-N BUY Jul 12, 2023

Utilities are challenging his company because they seem very expensive right now. SO-N are in the south eastern US and this is an area with population growth. He is scaling back.

It pays a yield of 4.1%, but Enbridge pays over 7% and has the same cash flow. Sell Southern and buy Enbridge.

They've been way behind schedule and massively overbudget in building new nuclear power plants, but have finally opened the first one last summer and the second one to launch in early 2024. Now, they can focus on their core business of electricity generation in Alabama and Georgia. Pays a 4% yield. He's a fan of nuclear power.