NEE
Nextera Energy
$185.08Bn
88.26
-0.20%
+7.45%
The company operates Florida Power & Light (FPL), which is described as the largest electric utility in the U.S., serving over six million customer accounts under tariffs set by the Florida Public Service Commission. FPL generates, transmits, and distributes electricity, earning a regulated return on equity.
SO
Southern
$107.35Bn
93.32
+0.20%
+2.09%
Southern Company operates three vertically integrated utilities (Alabama Power, Georgia Power, and Mississippi Power) that provide electric service to approximately 4.6 million retail customers under regulated tariffs.
DUK
Duke Energy
$101.59Bn
130.24
+0.46%
+5.23%
Duke Energy operates regulated public utilities (Duke Energy Carolinas, Progress, Florida, Indiana, and Ohio) that provide retail electric service to approximately 8.7 million customers under tariffs set by state utility commissions.
NGG
National Grid
$89.31Bn
85.89
+0.77%
+13.96%
National Grid operates regulated electricity distribution franchises in the UK (serving 20 million people) and the US (New York and New England segments), earning regulated returns on rate-base assets.
AEP
American Electric Power
$69.03Bn
126.77
-1.91%
+5.85%
American Electric Power operates as a public utility holding company with vertically integrated subsidiaries that provide electricity to residential, commercial, and industrial customers under cost-based rates approved by state utility commissions. Its core business model centers on providing electric service via regulated distribution franchises across eleven states.
D
Dominion Energy
$61.31Bn
69.67
-0.13%
+16.72%
Dominion Energy operates regulated electric distribution franchises in Virginia, North Carolina, and South Carolina, serving approximately 4.1 million retail customers. The profile explicitly states that regulated electric utility operations are expected to contribute approximately 90% of earnings.
ETR
Entergy
$52.78Bn
110.46
-1.25%
+14.73%
Entergy operates regulated electricity distribution and transmission franchises serving approximately 3 million residential, commercial, and industrial customers under tariffs approved by state utility commissions. Its primary revenue comes from regulated per-kilowatt-hour rates and fixed connection charges.
SRE
Sempra
$52.22Bn
79.87
-3.71%
-13.55%
Sempra's principal businesses are regulated utilities, specifically SDG&E and its equity interest in Oncor, which provide electric distribution and transmission services to residential, commercial, and industrial customers under regulated tariffs.
XEL
Xcel Energy
$51.04Bn
80.37
-0.16%
-1.01%
Xcel Energy is a regulated electric delivery company serving 3.9 million electric customers through subsidiaries like NSP and PSCo, earning revenues from electric sales volume of 109,401 million kilowatt hours.
EXC
Exelon
$48.02Bn
46.53
+0.63%
+0.82%
Exelon operates several regulated electric distribution franchises, including ComEd, Pepco, and ACE, serving approximately 10 million customers under commission-approved rate mechanisms. Its core business is the purchase and regulated retail sale of electricity to residential, commercial, and industrial end-users.
ED
Consolidated Edison
$44.95Bn
121.54
+1.01%
+26.46%
Consolidated Edison operates regulated electric distribution franchises through CECONY and O&R, serving approximately 4 million electric customers in New York and New Jersey under regulated tariffs.
WEC
Wec Energy
$38.93Bn
118.33
+0.16%
+5.79%
WEC Energy Group operates several regulated electric utility subsidiaries, such as WE and WPS, providing electricity generation and distribution to retail customers in Wisconsin and Michigan under regulated tariffs.
PEG
Public Service Enterprise
$36.44Bn
73.10
-0.15%
-8.46%
The company operates PSE&G, which provides regulated electricity transmission and distribution to approximately 1.9 million customers in New Jersey under rate-regulated tariffs set by the New Jersey Board of Public Utilities.
AEE
Ameren
$31.23Bn
112.83
-0.24%
+11.40%
Ameren operates regulated electric distribution franchises in Missouri and Illinois, delivering power to residential, commercial, and industrial customers under tariffs set by the Missouri Public Service Commission and the Illinois Commerce Commission.
FTS
Fortis
$31.06Bn
61.23
+0.48%
+21.25%
Fortis is a diversified regulated electric utility holding company serving 3.5 million customers through subsidiaries like FortisAlberta, FortisBC Electric, and Newfoundland Power. It earns a regulated return on rate-base assets for delivering electricity to residential, commercial, and industrial users.
PCG
Pg&E
$29.12Bn
13.22
-1.20%
-18.75%
PG&E operates a regulated electric distribution franchise in Northern and Central California, serving 5.5 million accounts under rates approved by the California Public Utilities Commission. Its Electric segment encompasses the full integrated chain of generation, transmission, and distribution.
DTE
Dte Energy
$28.07Bn
134.90
-1.93%
+0.67%
DTE Energy's primary business is the operation of DTE Electric, a regulated electric utility that generates, transmits, and distributes electricity to residential, commercial, and industrial customers in Michigan under regulated tariffs.
FE
Firstenergy
$27.27Bn
47.10
-0.19%
+3.09%
FirstEnergy operates one of the nation's largest investor-owned electric systems, serving over 6 million residential, commercial, and industrial customers through a regulated retail franchise. Its Distribution segment earns revenues from delivering power to end-use customers under regulated tariffs.
PPL
Ppl
$27.11Bn
36.03
+0.87%
-0.93%
PPL operates regulated electricity distribution franchises in Pennsylvania, Kentucky, Virginia, and Rhode Island, delivering power to residential, commercial, and industrial customers under tariffs approved by state public utility commissions.
ES
Eversource Energy
$27.09Bn
71.93
+2.06%
-1.34%
Eversource operates regulated electric distribution franchises (CL&P, NSTAR Electric, and PSNH) serving millions of retail customers in Connecticut, Massachusetts, and New Hampshire under rates approved by state public utility commissions.
CNP
Centerpoint Energy
$26.49Bn
39.96
-2.63%
+2.83%
CenterPoint Energy operates regulated electricity distribution franchises through subsidiaries like Houston Electric and CERC, serving approximately 3,006,945 metered electric customers. Its revenue is derived from regulated per-kilowatt-hour rates and fixed charges established by the Public Utility Commission of Texas.
HRNNF
Hydro One
$24.50Bn
40.84
+0.00%
+11.28%
Hydro One operates a regulated electricity distribution franchise serving approximately 1.5 million customers in Ontario under tariffs approved by the Ontario Energy Board. Its Distribution Business segment delivers electricity to residential, commercial, and industrial end users through 126,000 circuit kilometres of low-voltage lines.
EIX
Edison International
$23.43Bn
60.88
-0.96%
+7.22%
Southern California Edison (SCE) operates as a regulated public utility delivering electricity to approximately five million residential, commercial, and industrial customers. Its revenue is derived from rates established by the California Public Utilities Commission (CPUC) and the Federal Energy Regulatory Commission (FERC).
CMS
Cms Energy
$22.17Bn
70.68
-0.39%
-2.60%
CMS Energy's primary revenue driver is its Consumers subsidiary, which operates a regulated electric utility franchise in Michigan's Lower Peninsula, generating $5.6 billion in operating revenue from the sale of electricity to residential, commercial, and industrial customers.
NI
2nd
Nisource
$21.31Bn
44.44
-1.88%
+3.66%
Through its NIPSCO Electric subsidiary, the company generates, transmits, and distributes electricity to roughly 0.5 million customers in northern Indiana under a regulated utility framework.
EVRG
Evergy
$20.15Bn
87.41
+1.39%
+13.86%
Evergy operates as an integrated, regulated electric utility serving residential, commercial, and industrial customers in Kansas and Missouri under regulated rate frameworks. Its core revenue is derived from retail electricity sales within exclusive service territories granted by state regulatory commissions.
LNT
Alliant Energy
$19.04Bn
73.44
-0.45%
+9.86%
Alliant Energy operates as a regulated monopoly providing electric distribution to approximately 1,010,000 retail customers through its subsidiaries IPL and WPL. It earns revenue from regulated per-kilowatt-hour rates and fixed connection charges for residential, commercial, and industrial customers.
EMA
Emera
$15.44Bn
51.18
-0.27%
+7.66%
Emera operates several vertically integrated regulated electric utilities, including Tampa Electric Company and Nova Scotia Power, which deliver power to residential, commercial, and industrial customers under regulated tariffs.
KEP
Korea Electric Power
$14.24Bn
11.09
-2.03%
-27.99%
Korea Electric Power Corporation is an integrated electric utility that owns and operates the transmission and distribution of substantially all electricity in South Korea, selling to residential, commercial, and industrial end users. It functions under government-sanctioned monopoly conditions, delivering power to retail customers across various sectors.
CIG
Energy Co Of Minas Gerais
$13.48Bn
1.82
-0.55%
-16.51%
CEMIG operates a dominant electricity distribution franchise in Minas Gerais, serving approximately 9.6 million residential, commercial, and industrial customers under regulated tariffs. This distribution activity is a core segment of its business and defines its role as a regulated utility.
PNW
Pinnacle West Capital
$12.59Bn
103.88
-1.54%
+17.43%
Pinnacle West operates as an investor-owned electric utility holding company through its subsidiary Arizona Public Service (APS), which provides regulated electric service to approximately 1.4 million retail customers under a regulated rate base.
AES
Aes
$10.62Bn
14.89
-0.13%
+4.71%
AES operates regulated electric utilities in Indiana, Ohio, and El Salvador, serving approximately 2.7 million residential, commercial, and industrial customers under state-approved tariffs.
OGE
Oge Energy
$10.51Bn
50.83
+0.38%
+15.39%
OGE Energy operates as a vertically integrated electric utility providing electricity to over 913,000 residential, commercial, and industrial customers in Oklahoma and Arkansas. Its rates are regulated by the Oklahoma Corporation Commission and the Arkansas Public Service Commission, earning revenue from regulated retail sales.
BIPH
2nd
Brookfield Infrastructure Partners
$9.40Bn
14.88
-1.46%
-12.21%
The company operates regulated electricity and natural gas transmission and distribution franchises in Brazil, India, and South Korea, earning a return on a regulated rate base.
IDA
Idacorp
$8.67Bn
147.21
-0.22%
+14.60%
Idaho Power operates as a regulated electric utility serving approximately 664,000 retail customers in southern Idaho and eastern Oregon under tariffs set by the Idaho and Oregon Public Utility Commissions. Its revenue is primarily derived from residential, commercial, industrial, and irrigation customer classes.
UGI
Ugi
$7.99Bn
37.23
-2.33%
+10.47%
The company operates a Utilities segment that provides regulated electric and natural gas distribution services to residential, commercial, and industrial customers in Pennsylvania and neighboring states, earning revenue through rates set by public utility commissions.
ELPC
Energy Co Of Parana
$7.84Bn
10.52
-1.59%
+3.85%
Copel operates a massive regulated electricity distribution franchise under concessions from ANEEL, serving residential, industrial, commercial, and rural customers across 394 municipalities in Paraná.
TXNM
Txnm Energy
$6.48Bn
58.37
-0.21%
+2.49%
TXNM operates two regulated electric utilities, PNM and TNMP, providing electricity services to approximately 844,000 residential, commercial, and industrial customers. It earns revenue through regulated per-kilowatt-hour rates and tariffs approved by the New Mexico Public Regulation Commission and the Public Utility Commission of Texas.
BKH
Black Hills
$6.48Bn
84.62
+0.50%
+30.69%
The company's core business involves the generation, transmission, and distribution of electricity to residential, commercial, and industrial customers under regulated tariffs approved by state utility commissions. This is explicitly described as its Electric Utilities segment, which serves customers in Colorado, Montana, South Dakota, and Wyoming.
ENIC
Enel Chile
$5.96Bn
4.31
-2.05%
+14.32%
Enel Chile operates a regulated electricity distribution franchise serving 2.2 million customers in the Santiago Metropolitan Region, earning revenue through regulated tariffs. This distribution business is a core segment of the company, managing over 18,000 kilometers of medium and low voltage lines.
POR
Portland General Electric
$5.47Bn
45.99
-0.02%
-3.32%
Portland General Electric is a vertically integrated electric utility that sells electricity to residential, commercial, and industrial customers under regulated rates approved by the Oregon Public Utility Commission. Its core revenue is derived from these retail sales within its regulated service territory.
NWE
NorthWestern Energy
$5.05Bn
82.02
+0.02%
+34.44%
NorthWestern Energy operates as a regulated electric utility delivering power to approximately 850,300 customers across Montana, South Dakota, Nebraska, and Yellowstone National Park under regulated tariffs. Its electric utility operations segment involves the generation, purchase, transmission, and distribution of electricity to retail customers.
SCE-PG
Southern California Edison
$5.02Bn
15.39
-0.84%
—
Southern California Edison operates as an investor-owned public utility delivering electricity to homes, businesses, and public facilities under rates set by the California Public Utilities Commission. Its revenue is derived from regulated per-kilowatt-hour rates and fixed charges, earning a regulated return on its rate-base assets.
AQN
Algonquin Power & Utilities
$4.32Bn
5.62
-0.35%
+0.54%
The company operates a diversified portfolio of regulated electricity distribution franchises serving 310,000 electric connections across the US, Canada, Bermuda, and Chile. It earns revenue from regulated per-kilowatt-hour rates and fixed connection charges approved by authorities like the CPUC and NHPUC.
MDU
Mdu Resources
$3.90Bn
18.54
-6.65%
-5.84%
The company operates an Electric segment that generates, transmits, and distributes electricity to retail, commercial, and industrial customers under a regulated rate base. This is presented as a core part of its identity as a regulated energy delivery company.
AWR
2nd
American States Water
$3.52Bn
88.82
+0.21%
+19.91%
The company operates Bear Valley Electric Service Inc, which distributes electricity to residential and commercial customers in San Bernardino County under regulation by the California Public Utilities Commission.
PAM
2nd
Pampa Energy
$3.48Bn
64.00
-1.25%
-26.81%
The company delivers electricity to residential customers through distribution networks linked to the utility grid.
CPK
Chesapeake Utilities
$3.47Bn
141.79
+0.04%
+8.79%
The company's primary business is the delivery of electricity and natural gas to residential, commercial, and industrial customers under regulated rates set by state public service commissions. This is evidenced by its Regulated Energy segment, which includes subsidiaries like Florida Public Utilities and Delmarva Natural Gas.
AVA
Avista
$3.43Bn
40.93
+1.82%
+2.99%
Avista operates regulated electric distribution and transmission franchises in Washington, Idaho, Oregon, Montana, and Alaska, serving residential, commercial, and industrial customers under regulatory frameworks.
OTTR
Otter Tail
$3.36Bn
80.00
-4.56%
-3.15%
Otter Tail operates a regulated electric utility providing generation, transmission, and distribution services to approximately 134,000 customers in Minnesota, North Dakota, and South Dakota. Revenue is generated from the sale of electricity to residential, commercial, and industrial customers under a regulated rate base.
MGEE
Mge Energy
$2.96Bn
78.36
+0.99%
-7.23%
MGE Energy operates a regulated electric utility through its subsidiary Madison Gas and Electric Company, serving approximately 170,000 customers in Dane County. This segment accounts for about 72% of total regulated revenues, delivering power under a regulated framework.
WELPP
Wisconsin Electric Power
$2.08Bn
62.40
+0.65%
-6.17%
The company is a regulated utility providing electric service to approximately 1.18 million retail and wholesale customers in Wisconsin under a regulated monopoly position. Its revenue is primarily derived from the sale of electricity to these retail customers.
HE
Hawaiian Electric Industries
$1.46Bn
8.43
-0.71%
-27.45%
Hawaiian Electric Industries operates regulated electricity distribution franchises on Oahu, Hawaii, and Maui, serving residential, commercial, and industrial customers. Its revenue is derived from regulated base rates and fuel adjustments approved by regulatory mechanisms.
UTL
Unitil
$1.05Bn
56.65
+0.18%
+18.05%
Unitil operates regulated electricity distribution franchises through Unitil Energy and Fitchburg Gas and Electric Light Company, serving approximately 110,100 customers in New Hampshire and Massachusetts. This segment contributed 44% of the company's total operating revenue.
EDN
Edenor
$641.77Mn
14.16
-4.90%
-57.52%
Edenor holds an exclusive concession to distribute electricity to residential, commercial, and industrial customers in the Buenos Aires area. Its revenue is generated from the sale of electricity under regulated tariffs approved by the national energy regulator.
BIPC
Brookfield Infrastructure
$493.18Mn
37.90
-1.25%
-18.41%
The company operates a regulated distribution operation in the United Kingdom providing last-mile electricity connections to residential and commercial customers under regulated tariffs. This activity is a core component of its revenue and operational structure.