Utilities are a very popular way for retirees to generate income. This certainly makes a great deal of sense since these companies provide a product that most people consider to be necessities for modern life. This has often allowed companies like this to have relatively stable incomes. After all, who wants to have the electricity or natural gas cut off in their homes? As such, most people will prioritize paying their utility bills above more discretionary purchases during times when money is tight, such as what many families are experiencing in today's pandemic-stricken world. This is something conservative investors should appreciate. One of the more interesting companies in the sector is NRG Energy (NRG), which has devoted a great deal of effort recently towards the development of renewable energy. When we consider that a growing number of consumers and businesses are showing a very real desire to source their energy from renewable sources, this focus could prove to be a very good opportunity for the company and investors in it. Let us investigate further in this article.

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