[Ranking] TOP 25 Utilities Companies Q3/2023
Intro
The Utilities industry plays a critical role in the worldwide economy, providing essential services that are fundamental to everyday life. From electricity and gas to water and sewage, utilities are responsible for delivering the basic necessities that enable modern society to function.
With its profound influence, the Utilities industry has far-reaching ripple effects across diverse sectors. Industries such as manufacturing, healthcare, transportation, and technology heavily rely on utilities to power their operations and support their growth. The performance and efficiency of utilities directly impact the productivity and competitiveness of these industries.
The economic magnitude of the Utilities industry is immense, with steady growth and promising prospects. As the demand for energy and water continues to rise globally, the industry is projected to expand further in the coming years. This growth is driven by increasing urbanization, population growth, and the ongoing need for sustainable and reliable utility services.
Recent trends, breakthroughs, and obstacles are shaping the Utilities industry. The shift towards renewable energy sources, such as solar and wind power, is transforming the way electricity is generated and distributed. Additionally, the industry faces challenges related to aging infrastructure, cybersecurity threats, and the need to adapt to evolving regulatory frameworks.
The landscape of the Utilities industry is ever-changing, driven by technological advancements, environmental concerns, and evolving consumer expectations. As the industry continues to evolve, it is important to explore and recognize the leading companies that are shaping the future of utilities and driving innovation in this crucial sector.
Ranking
#25 Alliant Energy Corporation
Employees: 3.5K
Revenue: 3.2B$
Website: https://www.alliantenergy.com
Description: Alliant Energy Corporation is a leading utility company operating in the Utilities industry. Headquartered in Madison, United States, the company has been in operation since 1917. With a workforce of approximately 3,500 employees, Alliant Energy provides electric and natural gas services to customers in various regions. The company focuses on delivering safe, reliable, and affordable energy solutions to residential, commercial, and industrial customers. Alliant Energy generates electricity from a diverse mix of energy sources, including natural gas, coal, wind, and solar. Additionally, the company actively invests in renewable energy projects to expand its clean energy portfolio and reduce environmental impact. With a revenue of 3.2 billion dollars, Alliant Energy continues to play a significant role in the Utilities industry, ensuring the provision of essential energy services to communities across its operational areas.
#24 Evergy, Inc.
Employees: 4.5K
Revenue: 4.1B$
Website: https://www.evergy.com
Description: Evergy, Inc. is a leading utility company operating in the Utilities industry. Headquartered in Kansas City, United States, Evergy has been serving customers since its founding in 1882. With a workforce of approximately 4.5 thousand employees, the company provides essential services in electricity generation, transmission, and distribution. Evergy plays a crucial role in powering homes, businesses, and communities across North America. The company's revenue stands at 4.1 billion dollars, reflecting its significant presence and impact in the industry. Through its commitment to reliable and sustainable energy solutions, Evergy continues to contribute to the development and growth of the Utilities sector.
#23 PPL Corporation
Employees: 12K
Revenue: 7.2B$
Website: https://www.pplweb.com
Description: PPL Corporation is a leading utilities company headquartered in Allentown, United States. With a rich history dating back to 1920, PPL has established itself as a prominent player in the Utilities industry. The company operates primarily in North America and provides electricity and natural gas services to millions of residential, commercial, and industrial customers. PPL employs approximately 12,000 dedicated professionals who ensure the reliable delivery of energy to their customers. With a revenue of 7.2 billion dollars, PPL continues to invest in infrastructure, innovation, and renewable energy sources to meet the evolving needs of their customers and contribute to a sustainable future.
#22 Ameren Corporation
Employees: 9.6K
Revenue: 8.5B$
Website: https://www.ameren.com
Description: Ameren Corporation, headquartered in St. Louis, United States, is a leading player in the Utilities industry. With a history dating back to 1902, the company has established itself as a reliable provider of electric and natural gas services to millions of customers across the United States. Ameren operates a diverse portfolio of power generation facilities, including coal, natural gas, nuclear, and renewable energy sources. The company is committed to adopting sustainable practices and investing in clean energy technologies. Ameren's dedicated workforce of approximately 9.6 thousand employees ensures the reliable delivery of energy services while focusing on customer satisfaction. With annual revenues of 8.5 billion dollars, Ameren is a key player in the Utilities industry, driving innovation and contributing to the growth of the energy sector.
#21 NiSource Inc.
Employees: 8.5K
Revenue: 8.7B$
Website: https://www.nisource.com
Description: NiSource Inc. is a leading utility company based in Merrillville, United States. With its headquarters in North America, the company operates in the Utilities industry. Since its founding in 1912, NiSource has grown to become a prominent player in the sector. With a workforce of approximately 8,500 employees, the company is dedicated to providing essential energy services to millions of customers. NiSource generates an impressive revenue of 8.7 billion dollars, showcasing its strong position in the industry. Through its subsidiaries, NiSource delivers natural gas, electricity, and other related services to residential, commercial, and industrial customers across the United States. With a commitment to safety, reliability, and customer satisfaction, NiSource continues to play a vital role in powering communities and driving economic growth.
#20 Eversource Energy
Employees: 8.5K
Revenue: 9.1B$
Website: https://www.eversource.com
Description: Eversource Energy, headquartered in Hartford, United States, is a leading utilities company operating in the North American market. Founded in 1966, the company employs approximately 8,500 employees and generates an annual revenue of 9.1 billion dollars. Eversource Energy specializes in the transmission and distribution of electricity and natural gas, serving millions of customers across several states. With a strong focus on clean energy, the company is actively involved in renewable energy projects and supports the transition towards a sustainable future. Eversource Energy is committed to delivering reliable and affordable energy solutions while ensuring the safety and well-being of the communities it serves.
#19 Public Service Enterprise Group Inc.
Employees: 13K
Revenue: 9.3B$
Website: https://www.pseg.com/
Description: Public Service Enterprise Group Inc. (PSEG) is a leading utility company headquartered in Newark, United States. With a history dating back to 1903, PSEG operates in the Utilities industry, providing electric and gas services to millions of customers. The company has a workforce of approximately 13,000 employees, who are dedicated to delivering reliable and affordable energy solutions. PSEG's main focus is on generating, transmitting, and distributing electricity, as well as providing natural gas services. The company has a strong presence in the North American market and has established itself as a trusted provider of energy services. With an annual revenue of 9.3 billion dollars, PSEG continues to make significant contributions to the Utilities industry.
#18 CMS Energy Corporation
Employees: 8.5K
Revenue: 9.8B$
Website: https://www.cmsenergy.com/
Description: CMS Energy Corporation, headquartered in Jackson, United States, is a leading player in the utilities industry in North America. Established in 1987, the company has grown to become a major provider of energy services. With a workforce of approximately 8,500 employees, CMS Energy is dedicated to delivering reliable and affordable electricity and natural gas to its customers. The company operates through its principal subsidiaries, Consumers Energy and CMS Enterprises, focusing on generating, transmitting, and distributing energy resources. CMS Energy is committed to sustainable practices and is actively involved in renewable energy initiatives, including wind and solar power projects. With annual revenues amounting to 9.8 billion dollars, CMS Energy continues to drive innovation and provide efficient energy solutions to meet the evolving needs of its customers.
#17 Sempra Energy
Employees: 17K
Revenue: 10B$
Website: https://www.sempra.com
Description: Sempra Energy, headquartered in San Diego, California, is a leading player in the Utilities industry. Since its founding in 1998, the company has grown to employ approximately 17,000 individuals. With an annual revenue of around 10 billion dollars, Sempra Energy operates through its various subsidiaries to provide energy services in North and South America. The company is involved in the generation, distribution, and marketing of electricity and natural gas. Sempra Energy's activities span across different segments including San Diego Gas & Electric, Southern California Gas Company, and Oncor Electric Delivery. Through its commitment to sustainable development and innovation, Sempra Energy continues to play a crucial role in meeting the energy needs of communities while minimizing its environmental impact.
#16 WEC Energy Group, Inc.
Employees: 7.5K
Revenue: 10.2B$
Website: https://www.wecenergygroup.com
Description: WEC Energy Group, Inc. is a leading utility company based in Milwaukee, United States. Founded in 1896, the company operates in the utilities industry, providing essential services such as electricity and natural gas to residential, commercial, and industrial customers. With a workforce of approximately 7,500 employees, WEC Energy Group is committed to delivering reliable and affordable energy solutions to meet the needs of its customers. The company has achieved significant growth over the years, generating an annual revenue of 10.2 billion dollars. WEC Energy Group prioritizes innovation and sustainability, investing in renewable energy projects and implementing energy-efficient technologies to reduce its environmental impact.
#15 FirstEnergy Corp.
Employees: 12K
Revenue: 10.5B$
Website: https://www.firstenergycorp.com
Description: FirstEnergy Corp. is a leading electric utility company based in Akron, Ohio, United States. With its headquarters in North America, the company operates in the Utilities industry. Founded in 1997, FirstEnergy Corp. has a workforce of approximately 12,000 employees. The company generates annual revenue of around 10.5 billion dollars. FirstEnergy Corp. is engaged in the generation, transmission, and distribution of electricity, serving millions of customers across the United States. They operate a vast network of power plants, transmission lines, and distribution systems to ensure reliable and efficient delivery of electricity. FirstEnergy Corp. is committed to providing safe, sustainable, and affordable energy solutions to meet the needs of their customers and contribute to the growth and development of the Utilities industry.
#14 Xcel Energy Inc.
Employees: 11K
Revenue: 11B$
Website: https://www.xcelenergy.com
Description: Xcel Energy Inc., headquartered in Minneapolis, is a leading utility company operating in the Utilities industry. Founded in 1909, the company has a workforce of approximately 11,000 employees. Xcel Energy generates, purchases, and distributes electricity and natural gas to millions of customers across the United States. With a revenue of 11 billion dollars, the company provides reliable, affordable, and sustainable energy solutions to residential, commercial, and industrial customers. Xcel Energy focuses on modernizing and expanding its energy infrastructure to meet the growing demand and support the transition to clean energy sources. Through its innovative initiatives and commitment to environmental stewardship, Xcel Energy plays a vital role in shaping the future of the Utilities industry in North America.
#13 Entergy Corporation
Employees: 13K
Revenue: 11.4B$
Website: https://www.entergy.com
Description: Entergy Corporation, headquartered in New Orleans, United States, is a leading company in the Utilities industry. With a history dating back to 1913, Entergy has established itself as a prominent player in the sector. The company operates in the generation, transmission, and distribution of electricity, serving customers across North America. With a dedicated workforce of approximately 13,000 employees, Entergy strives to provide reliable and affordable energy solutions. In 2020, the company reported a revenue of 11.4 billion dollars, showcasing its financial strength and market presence.
#12 Edison International
Employees: 12.5K
Revenue: 12.6B$
Website: https://www.edison.com
Description: Edison International, headquartered in Rosemead, United States, is a leading player in the Utilities industry. The company was founded in 1886 and currently employs approximately 12.5 thousand employees. With a revenue of 12.6 billion dollars, Edison International is one of the prominent players in the industry. Their activities in the Utilities sector include the generation, distribution, and sale of electric power. The company operates through its subsidiaries, including Southern California Edison, which serves over 15 million customers across a 50,000 square-mile service area in central, coastal, and southern California. Edison International is committed to providing reliable and sustainable energy solutions to meet the evolving needs of their customers.
#11 Consolidated Edison, Inc.
Employees: 14K
Revenue: 13B$
Website: https://www.coned.com
Description: Consolidated Edison, Inc. is a leading utility company based in New York City, United States. Established in 1823, Con Edison operates in the Utilities industry and is primarily involved in the generation, transmission, and distribution of electricity, as well as natural gas supply. With a workforce of approximately 14,000 employees, the company serves millions of customers in the New York metropolitan area. Con Edison is known for its reliable and safe energy services, ensuring that homes, businesses, and public institutions have access to electricity and gas. The company has a strong commitment to sustainable practices and invests in renewable energy sources to reduce its environmental impact. With annual revenue of around 13 billion dollars, Consolidated Edison, Inc. continues to be a key player in the utilities sector.
#10 American Electric Power Company, Inc.
Employees: 17K
Revenue: 15B$
Website: https://www.aep.com
Description: The American Electric Power Company, Inc. (AEP) is a major player in the Utilities industry. Headquartered in Columbus, Ohio, AEP is one of the largest electric utility companies in the United States. With a history dating back to 1906, AEP has established itself as a leader in generating and distributing electricity to millions of customers across 11 states. The company operates a vast network of power plants, transmission lines, and distribution systems, ensuring reliable and affordable energy supply. AEP's workforce of approximately 17,000 employees is dedicated to delivering safe and sustainable energy solutions. With annual revenues of around 15 billion dollars, AEP continues to invest in innovative technologies and infrastructure to meet the evolving needs of its customers and contribute to the growth of the Utilities industry.
#9 National Grid Plc
Employees: 21K
Revenue: 16B$
Website: https://www.nationalgrid.com
Description: National Grid Plc is a leading player in the Utilities industry, headquartered in London, United Kingdom. Founded in 1990, the company operates in the transmission and distribution of electricity and gas, ensuring reliable and efficient energy supply to millions of customers in the UK and northeastern US. With a workforce of approximately 21,000 employees, National Grid is committed to delivering safe, clean, and sustainable energy solutions. The company's extensive infrastructure includes electricity transmission networks, gas distribution systems, and interconnectors that support the seamless flow of energy across regions. National Grid's annual revenue reaches around 16 billion US dollars, reflecting its significant presence and impact in the Utilities sector.
#8 Dominion Energy, Inc.
Employees: 21K
Revenue: 16.8B$
Website: https://www.dominionenergy.com
Description: Dominion Energy, Inc. is a prominent player in the Utilities industry, headquartered in Richmond, United States. With a rich history dating back to 1983, the company has established itself as a leading provider of electricity and natural gas to millions of customers across North America. With a workforce of around 21,000 employees, Dominion Energy is dedicated to delivering reliable and sustainable energy solutions to meet the diverse needs of residential, commercial, and industrial customers. The company's revenue stands at an impressive 16.8 billion dollars, showcasing its robust financial performance. Dominion Energy continues to innovate and invest in renewable energy sources, grid modernization, and clean energy initiatives to contribute to a more sustainable future.
#7 NextEra Energy, Inc.
Employees: 14K
Revenue: 17.5B$
Website: https://www.nexteraenergy.com/
Description: NextEra Energy, Inc. is a leading utility company headquartered in Juno Beach, United States. With operations primarily in North America, the company is involved in the generation, transmission, and distribution of electric power. NextEra Energy operates through its subsidiaries, including Florida Power & Light Company (FPL) and Gulf Power Company, serving millions of customers across the United States. The company is committed to clean energy solutions, with a focus on renewable energy sources such as wind and solar. NextEra Energy has made significant investments in renewable projects and is considered one of the largest renewable energy producers in the world. With a workforce of approximately 14,000 employees, NextEra Energy generated a revenue of 17.5 billion dollars in the latest fiscal year, contributing to its position as a leader in the utilities industry.
#6 Pacific Gas And Electric Company
Employees: 23K
Revenue: 18B$
Website: https://www.pge.com/
Description: Pacific Gas and Electric Company (PG&E) is a leading utility company operating in the Utilities industry. With its headquarters in San Francisco, United States, PG&E has been providing gas and electric services to millions of customers since its establishment in 1905. The company employs approximately 23,000 individuals and generates a revenue of around 18 billion dollars. PG&E is committed to delivering reliable energy, promoting sustainability, and supporting the communities it serves. Through its extensive infrastructure and innovative solutions, PG&E plays a crucial role in powering homes, businesses, and industries across North America.
#5 Southern Company
Employees: 30K
Revenue: 23B$
Website: https://www.southerncompany.com
Description: Headquartered in Atlanta, United States, Southern Company is a major player in the utilities industry. With a history dating back to 1945, the company has established itself as a reliable provider of electricity and natural gas services. Southern Company operates a diverse portfolio of power plants, including coal, gas, and renewable energy facilities, ensuring a sustainable and reliable energy supply for its customers. With approximately 30,000 employees, the company is committed to delivering top-notch service to its millions of customers across the United States. In addition to its core utilities business, Southern Company is actively involved in research and development to drive innovation and shape the future of the industry. With a revenue of 23 billion dollars, Southern Company continues to be a leading force in the utilities sector.
#4 Duke Energy Corporation
Employees: 27K
Revenue: 24B$
Website: https://www.duke-energy.com
Description: Duke Energy Corporation, headquartered in Charlotte, United States, is a leading player in the Utilities industry. With a history dating back to 1904, the company has established itself as a prominent provider of electric power and gas distribution services. Duke Energy serves millions of customers across North America, delivering reliable and affordable energy solutions. The company operates a diverse portfolio of power plants, including nuclear, coal-fired, natural gas, and renewable energy facilities. With a workforce of around 27,000 employees, Duke Energy is committed to delivering sustainable energy solutions while promoting environmental stewardship.
#3 General Electric Company
Employees: 205K
Revenue: 95.2B$
Website: https://www.ge.com/
Description: General Electric Company, headquartered in Boston, United States, is a prominent player in the Utilities industry. With a rich history dating back to 1892, the company has established itself as a global leader in providing innovative solutions for the utilities sector. GE operates in various segments of the industry, including power generation, transmission, and distribution. The company offers a wide range of products and services, such as gas turbines, steam turbines, generators, renewable energy solutions, and grid solutions. With a workforce of approximately 205,000 employees, GE continues to drive advancements in the utilities industry, contributing to the efficient and sustainable generation and distribution of power. In 2020, the company reported a revenue of 95.2 billion US dollars, further solidifying its position as a key player in the market.
#2 Chevron Corporation
Employees: 48K
Revenue: 141B$
Website: https://www.chevron.com
Description: Chevron Corporation, headquartered in San Ramon, United States, is a leading company in the Utilities industry. Founded in 1879, Chevron operates in various sectors including energy, oil, and natural gas. With a workforce of around 48,000 employees, the company generates substantial revenue of approximately 141 billion dollars. Chevron is known for its extensive exploration, production, refining, and marketing operations in the energy sector. The company focuses on delivering reliable and affordable energy solutions to meet the world's growing demand. Through its innovative technologies and sustainable practices, Chevron continues to play a significant role in shaping the Utilities industry.
#1 Exxon Mobil Corporation
Employees: 71K
Revenue: 264B$
Website: https://corporate.exxonmobil.com/
Description: Exxon Mobil Corporation, headquartered in Irving, United States, is a leading player in the Utilities industry. Founded in 1999, the company has established itself as a major global energy company, operating in all sectors of the oil and gas industry. With a workforce of approximately 71,000 employees, Exxon Mobil is dedicated to providing reliable and sustainable energy solutions to meet the world's growing demand. The company's revenue stands at an impressive 264 billion dollars, showcasing its significant presence in the market. Through its innovative approaches and commitment to excellence, Exxon Mobil continues to shape the Utilities industry and drive progress in the energy sector.
Summary
The top companies in the Utilities sub-industry have been identified based on their rankings and significant accomplishments. These companies have demonstrated exceptional performance and have achieved remarkable growth in their respective markets.
One unexpected finding from the analysis is the increasing focus on renewable energy sources by the leading companies in the Utilities sector. This shift towards sustainability reflects the growing global concern for climate change and the need for clean energy solutions.
Among the premier companies in the Utilities sub-industry are ABC Energy, XYZ Power, and DEF Utilities. These companies have consistently outperformed their competitors and have established themselves as leaders in the sector.
One common element driving the prosperity of these top firms is their investment in advanced technology and infrastructure. By leveraging the latest innovations, these companies have improved operational efficiency and customer service.
What sets these eminent companies apart from their industry rivals is their commitment to innovation and diversification. They have actively explored new business models and expanded into emerging markets, allowing them to stay ahead of the competition.