and that is why i want to check in with nick akins the ceo and find out where the company is heading. welcome back to "mad money." >> jim, great to be back to you. >> this is a first for me in the times i've been interviewed. this is the first time and in not just several quarters but several years, back to 2007, all of our categories, residential, commercial, industrial increased in the same quarter. is america back? >> that is an early indicator that we are optimistic about the future. it is the first time since 2007 that we've seen all three residential, commercial and industrial increase in the same quarter. now we took out formet which is one of the large primary metals manufacturers that went bankrupt but if you look at the other industrial sector you are seeing oil and gas and chemical improves and that is helping us. >> so would you tell people that that is because of new companies, new -- really new factories or foundries just started up or is that just business getting heavier with the existing ones? >> no, absolutely we are seeing expansions and new facilities go in place,

. >> well, we had nick akins on last week, a terrific ceo, a big eaton customer. he's talking about something you mentioned in the conference call, the epa is not letting him spend on anything other than trying to get rid of coal plants. customers like that can't think big. they can't develop projects that need eaton's work. is this a secular change among the utility companies in this country? >> utility again, it's not a huge segment for us, but i think what's happening as you mentioned is people are having to convert from coal, which is the largest source of electric power here in the u.s., they're having to put more money into generation to change to natural gas or solar or other types of systems. that's pulling money out of transmission and distribution. but distribution segment is the largest segment in the utility area. we said within the overall 3% growth we think will occur in electrical, we think utility spending is likely to be flat in 2014. >> do we need to worry about weaker data center demand which is another growth driver i like about eaton. >> yeah,