Morgan Stanley Picks A Dozen Utilities From Global Pool

In divergent utilities markets worldwide, a recent report focused on deregulation in Australia, a major restructuring in Latin America and efforts in India to boost coal production. A team of 27 Morgan Stanley analysts authored the report, which named a dozen favored stocks. In the U.S., the analysts liked Calpine Corp.

which serves markets in Texas; NextEra Energy Inc.

which operates Florida Power & Light, and Princeton, New Jersey-based NRG Yield Inc.

. In Europe the team recommended France-based GDF Suez

, soon change its name to "Engie," the british multi-national Centrica PLC

and Portugal-based EDP Renovaveis SA

In Asia, utilities favored by Morgan Stanley included Tokyo Gas Co.

, Power Grid Corp.

of India, and Korea Electric Power Corp.

, as well as Indonesia's Perusahaan Gas Negara

Rounding out the list were Brasil's CPFL Energia S.A.

and Australia's Duet Group

. In Australia, Morgan Stanley said the Queensland government will delay electricity deregulation by 12 months. In Europe, Italy's Enel recently announced a restructuring of its operations in Latin America. In India, a government push will increase coal production to a compounded annual growth rate of 10 percent over the coming five years, Morgan Stanley said.