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In 2003, von Gonten brought suit against Alcoa and Texas Utilities, requesting an injunction ordering removal of the material. He's also bullish on aerospace companies ("increased defense spending is likely") and utilities ("yields are attractive, as well as prospective consolidation within the industry"), recommending Northrop Grumman (NYSE: NOC) and Texas Utilities (NYSE: TXU). Other Texas utilities such as American Electric Power (NYSE:AEP) and Texas New Mexico Power could issue similar bonds late next year if the State approves pending applications. |
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