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Travis Miller

Travis Miller is an energy and utilities strategist for Morningstar.

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We think less-traditional utility names Calpine, NRG Energy, and Dynegy could have 20% or more upside, but with very high uncertainty, they're not for the faint-hearted.

The regulated-utilities sector is significantly overvalued after 2014's monster gains, but investors looking for exposure should keep an eye on Southern Company and Duke Energy.