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I have been in the utility industry for about 10 years, working for both major IOU's and consulting firms in the industry.

I currently work in the consulting industry and we are seeing unprecendented CAPEX projects being planned by major US utilities, some exceeding $100B in investment for statewide refurbishments of aging utility assets. A little reminder that most utility assets were constructed in major part during the 20s and 30s with added expansion in the 70s due to generation (nuclear & coal) coming on board; however, little if any capital was spent for 30+ years thereafter. We are now seeing the bubble pop and major capital investments to retrofit exhausted equipment are on the forefront on most IOU's balance sheets.

General Cable is positioned very nicely to capitalize on these ensuing investments and I have a very good feeling about this being a very positive investment for 5-10 years to come.

Bullish on ABB and EMR as well...

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