News that Duke Energy plans to buy Progress Energy is the latest in utility takeovers, but Cramer said Monday it won't be the last.
Like banks in the 1930s, the utilities are going through a consolidation phase. That consolidation could create gigantic earnings power, Cramer said. It's a way for companies to cope with flailing state governments and the high cost of redundant employees, as well.
So what's the best way to play it, Cramer said. Find out by watching the video.
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