[Ranking] TOP 25 Multi-Utilities / Utilities Companies Q3/2023
Intro
The Multi-Utilities industry plays a vital role in the global economy, providing essential services that power the modern world. As a sub-industry of Utilities, Multi-Utilities companies are responsible for the generation, transmission, and distribution of electricity, gas, and water to residential, commercial, and industrial customers.
The influence of the Multi-Utilities industry extends far beyond its core functions. It has a profound impact on various sectors, including manufacturing, construction, transportation, and technology. The availability and affordability of reliable utilities are crucial for businesses to thrive and for individuals to lead comfortable lives.
The economic magnitude of the Multi-Utilities industry is immense and continues to grow. With increasing urbanization, population growth, and rising energy demands, the industry is witnessing significant expansion. Companies in this sector are investing in innovative technologies, such as smart grids and renewable energy sources, to meet the evolving needs of customers and contribute to a sustainable future.
In recent years, the Multi-Utilities industry has faced several notable trends, breakthroughs, and obstacles. The transition towards cleaner and more efficient energy sources, such as wind and solar power, has gained momentum. However, challenges like aging infrastructure, regulatory changes, and cybersecurity threats pose significant hurdles for companies in this sector.
The landscape of the Multi-Utilities industry is ever-changing, driven by advancements in technology, shifts in consumer preferences, and evolving government policies. To navigate this dynamic environment, it is crucial to understand the leading companies that shape the industry. These companies demonstrate innovation, adaptability, and a commitment to delivering reliable and sustainable utility services.
Ranking
#25 Alliant Energy Corporation
Employees: 3K
Revenue: 3.2B$
Website: https://www.alliantenergy.com
Description: Alliant Energy Corporation is a leading player in the Multi-Utilities industry. Headquartered in Madison, United States, the company has been in operation since 1917. With a workforce of approximately 3,000 employees, Alliant Energy provides a range of utility services including electricity and natural gas distribution, as well as renewable energy generation. The company operates primarily in the North American market, serving residential, commercial, and industrial customers. Alliant Energy is committed to sustainable practices and has made significant investments in renewable energy projects, contributing to a cleaner and greener future. With annual revenues of 3.2 billion dollars, the company continues to expand its operations and deliver reliable and affordable energy solutions to its customers.
#24 Fortis Inc.
Employees: 10K
Revenue: 3.4B$
Website: https://www.fortisinc.com
Description: Fortis Inc., headquartered in St. John's, Canada, is a leading company in the Multi-Utilities industry. With a history dating back to 1987, Fortis operates as an electric and gas utility holding company. The company owns and operates regulated utilities in North America, serving approximately 3.3 million customers across Canada, the United States, and the Caribbean. Fortis focuses on the generation, transmission, and distribution of electricity, as well as the distribution of natural gas. With a strong commitment to sustainability and reliability, Fortis continues to invest in infrastructure upgrades and renewable energy projects to meet the evolving needs of its customers and contribute to a cleaner energy future.
#23 CMS Energy Corporation
Employees: 8K
Revenue: 6.5B$
Website: https://www.cmsenergy.com
Description: CMS Energy Corporation, headquartered in Jackson, Michigan, is a leading player in the Multi-Utilities industry in North America. With a history dating back to 1886, CMS Energy has established itself as a trusted provider of essential energy services. The company operates through its primary subsidiaries, Consumers Energy and CMS Enterprises. Consumers Energy is one of the largest electric and natural gas utility companies in Michigan, serving over 6.7 million customers. CMS Enterprises focuses on non-utility operations, including independent power production and natural gas pipeline investments. With approximately 8,000 dedicated employees, CMS Energy generated a revenue of 6.5 billion dollars, solidifying its position as a key player in the utilities sector.
#22 PPL Corporation
Employees: 12K
Revenue: 8.3B$
Website: https://www.pplweb.com
Description: PPL Corporation, headquartered in Allentown, United States, is a leading company in the Multi-Utilities industry. Founded in 1920, PPL Corporation operates in the Utilities sector, providing essential services to customers across North America. With a workforce of approximately 12,000 employees, the company is dedicated to generating, transmitting, and distributing electricity to millions of customers. PPL Corporation has achieved substantial growth over the years, with annual revenues of 8.3 billion dollars. Committed to delivering reliable and sustainable energy solutions, PPL Corporation plays a vital role in powering homes, businesses, and communities in the region.
#21 CenterPoint Energy, Inc.
Employees: 8K
Revenue: 9B$
Website: https://www.centerpointenergy.com
Description: CenterPoint Energy, Inc. is a multi-utility company headquartered in Houston, United States. Founded in 1882, the company operates in the utilities industry, providing electric and natural gas services to residential, commercial, and industrial customers. With approximately 8,000 employees, CenterPoint Energy serves more than 7 million metered customers across several states in the United States. The company's focus is on delivering safe, reliable, and affordable energy solutions to its customers. CenterPoint Energy operates and maintains a vast network of electric transmission and distribution lines, natural gas pipelines, and related infrastructure. The company also offers energy efficiency programs and renewable energy options to promote sustainability and environmental responsibility.
#20 Avangrid, Inc.
Employees: 6K
Revenue: 10B$
Website: https://www.avangrid.com
Description: Avangrid, Inc. is a leading company in the Multi-Utilities industry. Headquartered in Orange, Connecticut, United States, Avangrid operates primarily in North America. Founded in 2000, the company has a workforce of approximately 6,000 employees. Avangrid generates an estimated annual revenue of 10 billion US dollars. As a prominent player in the Utilities sector, Avangrid is engaged in the generation, transmission, and distribution of electricity, as well as the development and operation of renewable energy projects. The company's commitment to sustainability and clean energy solutions positions them as a key player in the Multi-Utilities industry.
#19 Eversource Energy
Employees: 8.3K
Revenue: 10B$
Website: https://www.eversource.com
Description: Eversource Energy is a leading energy company operating in the Multi-Utilities industry. Headquartered in Hartford, United States, Eversource serves over 4 million customers with electricity and natural gas. The company was founded in 1966 and has grown to become one of the largest energy providers in North America. With a workforce of approximately 8,300 employees, Eversource is committed to delivering reliable and affordable energy solutions to residential, commercial, and industrial customers. The company's annual revenue amounts to 10 billion dollars, reflecting its strong presence and success in the utilities sector.
#18 FirstEnergy Corp.
Employees: 15K
Revenue: 10B$
Website: https://www.firstenergycorp.com
Description: FirstEnergy Corp. is a leading multi-utility company based in Akron, Ohio. With a history dating back to 1997, the company operates in the utilities industry, providing a range of services to customers across North America. FirstEnergy Corp. is primarily focused on the generation, transmission, and distribution of electricity. The company serves millions of customers, including residential, commercial, and industrial sectors. With a workforce of 15,000 employees, FirstEnergy Corp. is committed to providing reliable and affordable energy solutions to its customers. The company has achieved significant revenue growth, with annual revenues reaching 10 billion dollars. FirstEnergy Corp. continues to invest in innovative technologies and sustainable practices to meet the evolving energy needs of its customers and contribute to a cleaner and greener future.
#17 Entergy Corporation
Employees: 13K
Revenue: 11B$
Website: https://www.entergy.com
Description: Entergy Corporation is a leading player in the Multi-Utilities industry, operating primarily in North America. Headquartered in New Orleans, United States, the company was founded in 1949. With a workforce of approximately 13,000 employees, Entergy focuses on generating, transmitting, and distributing electric power to over 3 million customers in Arkansas, Louisiana, Mississippi, and Texas. The company's diversified portfolio includes nuclear, natural gas, coal, and hydroelectric power plants, ensuring a reliable and sustainable energy supply. Entergy continues to invest in innovative technologies and infrastructure to meet the evolving energy needs of its customers and contribute to the development of clean and resilient communities across the region.
#16 Xcel Energy Inc.
Employees: 11K
Revenue: 11B$
Website: https://www.xcelenergy.com
Description: Xcel Energy Inc. is a leading multi-utility company headquartered in Minneapolis, United States. With a history dating back to 1909, the company has established itself as a prominent player in the Utilities industry. Xcel Energy operates in the Multi-Utilities sector, providing a wide range of energy-related services to residential, commercial, and industrial customers. The company is committed to delivering reliable and affordable energy solutions while prioritizing sustainability and environmental stewardship. With approximately 11,000 employees, Xcel Energy serves millions of customers across its service territories, delivering electricity and natural gas. The company's annual revenue amounts to around 11 billion dollars, further solidifying its position as a major player in the industry.
#15 Sempra Energy
Employees: 20K
Revenue: 11.8B$
Website: https://www.sempra.com
Description: Sempra Energy, headquartered in San Diego, California, is a leading player in the Multi-Utilities industry. Founded in 1998, the company has a workforce of approximately 20,000 employees. With annual revenues of 11.8 billion dollars, Sempra Energy operates in the utilities sector, providing electricity, natural gas, and other energy-related services to customers in North America. The company's diverse portfolio includes regulated utilities, renewable energy projects, and natural gas infrastructure assets. Sempra Energy is committed to delivering safe, reliable, and sustainable energy solutions to meet the evolving needs of its customers and communities.
#14 Consolidated Edison, Inc.
Employees: 14K
Revenue: 12B$
Website: https://www.conedison.com
Description: Consolidated Edison, Inc. is a leading multi-utility company based in New York City. Founded in 1823, Con Edison operates in the utilities industry, providing electricity, natural gas, and steam to customers in the New York metropolitan area. With headquarters in New York City, Con Edison serves approximately 10 million people and has a diverse portfolio of energy assets, including power plants, transmission and distribution systems, and renewable energy projects. The company is committed to delivering reliable and sustainable energy solutions while also investing in innovative technologies and initiatives to reduce greenhouse gas emissions and promote energy efficiency. Con Edison is a trusted provider of essential utilities, playing a vital role in powering the vibrant communities it serves.
#13 AES Corporation
Employees: 10K
Revenue: 13B$
Website: https://www.aes.com
Description: AES Corporation, headquartered in Arlington, United States, is a leading player in the Multi-Utilities industry. Founded in 1981, the company operates in the Utilities sector, providing a wide range of services. With approximately 10,000 employees, AES Corporation generates an impressive annual revenue of 13 billion dollars. The company focuses on delivering reliable and sustainable energy solutions to customers across the globe. AES Corporation's commitment to innovation and environmental stewardship has positioned it as a key player in the Multi-Utilities industry.
#12 Edison International
Employees: 13K
Revenue: 13B$
Website: https://www.edison.com
Description: Edison International, headquartered in Rosemead, United States, is a leading player in the Multi-Utilities industry. Founded in 1886, the company has a workforce of approximately 13,000 employees. With revenue amounting to 13 billion dollars, Edison International operates in the utilities sector, providing electricity services to millions of customers. The company focuses on generating and distributing electric power through its subsidiaries, Southern California Edison and Edison Energy. Through its diverse portfolio of clean power resources, Edison International aims to support sustainable energy solutions and promote environmental stewardship. With a strong commitment to customer service and innovation, Edison International strives to meet the energy needs of communities while driving economic growth and reducing carbon emissions.
#11 National Grid Plc
Employees: 23K
Revenue: 14.5B$
Website: https://www.nationalgrid.com/
Description: National Grid Plc, headquartered in London, United Kingdom, is a leading company in the Multi-Utilities industry. Founded in 1990, the company operates in the Utilities sector and has approximately 23,000 employees. With a revenue of 14.5 billion dollars, National Grid Plc plays a crucial role in the transmission and distribution of electricity and gas, serving millions of customers in the UK and the northeastern United States. The company focuses on maintaining a reliable and secure energy supply, while also driving innovation and sustainability in the industry. Through its extensive infrastructure and advanced technology, National Grid Plc ensures the efficient delivery of electricity and gas to homes, businesses, and industries, contributing to the overall development and functioning of the Utilities sector.
#10 American Electric Power Company, Inc.
Employees: 17K
Revenue: 15B$
Website: https://www.aep.com
Description: American Electric Power Company, Inc. (AEP) is a leading electric utility company headquartered in Columbus, Ohio. With a history dating back to 1906, AEP operates in the multi-utilities industry and is one of the largest electric utilities in the United States. The company serves over 5 million customers across 11 states, providing reliable and affordable electricity. AEP generates, transmits, and distributes electricity through its various subsidiaries and operates a diverse portfolio of power plants, including coal, natural gas, nuclear, and renewable energy sources. Committed to sustainability, AEP is focused on reducing carbon emissions and transitioning to a cleaner energy future. With approximately 17,000 employees, AEP continues to innovate and invest in modernizing the electric grid to meet the evolving energy needs of its customers.
#9 Dominion Energy, Inc.
Employees: 21K
Revenue: 16B$
Website: https://www.dominionenergy.com
Description: Dominion Energy, Inc., headquartered in Richmond, United States, is a leading player in the Multi-Utilities industry. Founded in 1983, the company operates in the utilities sector, specifically focusing on electricity and natural gas distribution. With a workforce of approximately 21,000 employees, Dominion Energy serves millions of customers across the United States. The company generates an annual revenue of around 16 billion dollars, solidifying its position as a key player in the industry. Dominion Energy is committed to providing reliable and sustainable energy solutions to its customers, while also investing in renewable energy sources to reduce its carbon footprint.
#8 NextEra Energy, Inc.
Employees: 14.5K
Revenue: 17.3B$
Website: https://www.nexteraenergy.com
Description: NextEra Energy, Inc., headquartered in Juno Beach, United States, is a leading player in the Multi-Utilities industry. Founded in 1925, the company has a workforce of approximately 14.5 thousand employees. With annual revenues of around 17.3 billion dollars, NextEra Energy operates in various segments of the utilities industry, including electricity generation, transmission, and distribution. The company is recognized for its clean energy initiatives and is one of the largest producers of renewable energy in North America. NextEra Energy's key subsidiaries, Florida Power & Light Company and NextEra Energy Resources, contribute significantly to the company's overall success in the utilities sector.
#7 PG&E Corporation
Employees: 23K
Revenue: 18.3B$
Website: https://www.pgecorp.com
Description: PG&E Corporation is a leading multi-utility company based in San Francisco, United States. Founded in 1905, the company operates in the Utilities industry, providing electricity and natural gas services to millions of customers across California. With a workforce of approximately 23,000 employees, PG&E Corporation is committed to delivering reliable and sustainable energy solutions to meet the evolving needs of its customers. The company's revenue reached 18.3 billion dollars, reflecting its significant presence and impact in the industry. PG&E Corporation continues to invest in modernizing its infrastructure and implementing innovative technologies to ensure the delivery of safe, clean, and affordable energy to its customers.
#6 Southern Company
Employees: 30K
Revenue: 23B$
Website: https://www.southerncompany.com
Description: Southern Company is a leading multi-utility company headquartered in Atlanta, United States. Founded in 1945, the company operates in the Utilities industry, providing a wide range of energy services to customers across North America. With a workforce of approximately 30,000 employees, Southern Company generates annual revenue of 23 billion dollars. The company is dedicated to delivering safe, reliable, and affordable energy solutions, including electricity and natural gas, to millions of customers. Through its subsidiaries, Southern Company is involved in power generation, transmission, and distribution, as well as energy trading and marketing. With a strong commitment to sustainability, Southern Company aims to drive the transition to a cleaner energy future and actively invests in renewable energy sources and innovative technologies.
#5 Duke Energy Corporation
Employees: 30K
Revenue: 25B$
Website: https://www.duke-energy.com
Description: Duke Energy Corporation, headquartered in Charlotte, United States, is a leading player in the Multi-Utilities industry. With a rich history dating back to its founding in 1904, Duke Energy operates in North America and serves approximately 7.7 million retail electric customers and 1.6 million retail natural gas customers. The company focuses on generating, transmitting, distributing, and selling electricity in the Carolinas, Florida, Indiana, Kentucky, Ohio, and Tennessee. Duke Energy also operates natural gas distribution companies that provide natural gas to customers in the Midwest and the Carolinas. Committed to sustainability and environmental stewardship, Duke Energy has invested heavily in clean energy technologies and aims to achieve net-zero carbon emissions by 2050.
#4 Exelon Corporation
Employees: 34K
Revenue: 34B$
Website: https://www.exeloncorp.com
Description: Exelon Corporation is a leading multi-utilities company based in Chicago, United States. Founded in 2000, the company operates in the Utilities industry, providing a wide range of services in the energy sector. With a workforce of approximately 34,000 employees, Exelon Corporation is dedicated to generating and delivering clean, reliable, and affordable energy to millions of customers across North America. The company's portfolio includes a diverse mix of energy sources, including nuclear, natural gas, wind, solar, and hydroelectric power. Exelon Corporation is committed to driving innovation, sustainability, and environmental stewardship in the utilities industry.
#3 Iberdrola, S.A.
Employees: 34K
Revenue: 36B$
Website: https://www.iberdrola.com/
Description: Iberdrola, S.A. is a leading company in the Multi-Utilities industry. Headquartered in Bilbao, Spain, Iberdrola operates in the utilities sector, providing various services related to electricity and gas. With a workforce of approximately 34,000 employees, the company has established itself as a major player in the industry. Iberdrola was founded in 1992 and has since grown to become one of the largest utility companies globally. With a revenue of 36 billion dollars, Iberdrola continues to expand its operations and invest in renewable energy projects, aiming to contribute to the transition towards a more sustainable energy future.
#2 E.ON SE
Employees: 75K
Revenue: 44B$
Website: https://www.eon.com
Description: E.ON SE, headquartered in Essen, Germany, is a leading player in the Multi-Utilities industry. The company was founded in 2000 and currently employs approximately 75,000 people. With an annual revenue of 44 billion dollars, E.ON operates in various segments of the utilities sector, including electricity generation and distribution, natural gas exploration and production, and energy trading. The company is committed to providing reliable and sustainable energy solutions to its customers, with a focus on renewable energy sources and innovative technologies. E.ON's diverse portfolio and extensive experience in the utilities industry make it a key player in the global energy market.
#1 Enel SpA
Employees: 69K
Revenue: 90B$
Website: https://www.enel.com/
Description: Enel SpA, headquartered in Rome, Italy, is a leading player in the Multi-Utilities industry. Founded in 1962, the company has grown to become one of the largest utility companies globally. With a workforce of approximately 69,000 employees, Enel operates in multiple countries, providing a range of utilities services including electricity generation, distribution, and sales. The company focuses on sustainable energy solutions, investing in renewable sources such as wind, solar, and hydropower. Enel's revenue reached an impressive 90 billion dollars, solidifying its position as a major player in the utilities sector.
Summary
The multi-utilities sub-industry within the utilities sector has witnessed remarkable growth and success in recent years. This analysis highlights the top companies in this sub-industry and their significant accomplishments. The rankings are based on factors such as revenue, market capitalization, and overall industry influence.
One unexpected finding is the increasing focus on renewable energy sources by the top companies in multi-utilities. These companies are actively investing in solar, wind, and hydroelectric power, aiming to reduce their carbon footprint and meet the growing demand for clean energy.
Among the premier companies in the multi-utilities sub-industry are Company A, Company B, and Company C. These companies have demonstrated consistent growth, innovation, and a strong market presence.
Shared elements that drive the prosperity of these leading firms include strategic partnerships with technology companies, government collaborations, and continuous investment in research and development. These companies prioritize the modernization of their infrastructure and are at the forefront of adopting advanced technologies.
What sets these eminent companies apart from their industry rivals is their emphasis on customer-centricity. They prioritize providing reliable and affordable utility services while also focusing on customer satisfaction. These companies have implemented digital solutions to enhance customer experience and have dedicated customer support teams to address any concerns.