Utilities Financial Models
Building a utility network uses cash before customers pay for the investment through their bills. The allowed return and timing of rate adjustments determine how that spending becomes earnings. Competitive generators face a different exposure because market power prices influence what their output earns.

Duke Energy
Duke Energy Corporation is one of the largest regulated energy holding companies in the United States, providing electricity to 8.7 million customers and natural gas to 1.7 million customers.

NRG Energy
NRG Energy is a leading integrated power company in North America that combines a large-scale independent power generation fleet with a massive retail electricity and smart home customer base.

Southern
Southern Company is a premier energy holding company based in Atlanta, Georgia, providing electric and natural gas utility services to approximately 9 million customers across the Southeastern United States.

NextEra Energy
NextEra Energy is a leading North American clean energy company and the parent of Florida Power & Light, the largest electric utility in the United States, and NextEra Energy Resources, a massive competitive clean energy developer.

PG&E
PG&E Corporation is a holding company whose primary operating subsidiary is Pacific Gas and Electric Company, a regulated public utility serving Northern and Central California.

Exelon
Exelon Corporation is the largest fully regulated utility company in the United States, transmitting and distributing electricity and natural gas to over 10 million customers.

Constellation Energy
Constellation Energy Corporation (CEG) is the largest producer of carbon-free energy in the United States and a leading competitive retail energy supplier.

American Electric Power
American Electric Power Company, Inc.

Edison International
Edison International (EIX) is a premier electric utility holding company based in Rosemead, California.

Sempra
Sempra is a North American energy infrastructure company that operates regulated electric and natural gas utilities, alongside a portfolio of LNG and energy infrastructure assets.

Consolidated Edison
Consolidated Edison, Inc.

Vistra
Vistra is a Fortune 500 integrated retail electricity and power generation company that combines an asset-heavy zero-carbon and conventional generation fleet with an asset-light retail power business across the United States.

Dominion Energy
Dominion Energy is a regulated electric utility holding company headquartered in Richmond, Virginia, providing electricity to approximately 3.6 million homes and businesses.

FirstEnergy
FirstEnergy is a fully regulated electric utility company operating one of the largest investor-owned electric systems in the United States through distribution, integrated, and stand-alone transmission segments.

AES
The AES Corporation is a global Fortune 500 independent power producer and utility company that generates and distributes electrical power.

Entergy
Entergy Corporation (ETR) is a pure-play regulated electric utility that produces, transmits, and distributes electricity to approximately 3.1 million customers.

Eversource Energy
Eversource Energy is a public utility holding company that operates regulated energy delivery businesses across Connecticut, Massachusetts, and New Hampshire.

Public Service Enterprise Group
Public Service Enterprise Group (PSEG) is a predominantly regulated utility holding company headquartered in Newark, New Jersey.

WEC Energy Group
WEC Energy Group is one of the largest electric and natural gas delivery companies in the United States, serving approximately 4.7 million retail customers.

CenterPoint Energy
CenterPoint Energy is a public utility holding company that operates regulated electric transmission and distribution systems, as well as natural gas distribution systems across multiple US states.

PPL
PPL Corporation is a regulated utility holding company providing electricity and natural gas to over 3.6 million customers in the United States.

Ameren
Ameren Corporation is a public utility holding company headquartered in St.

CMS Energy
CMS Energy Corporation is a multi-utility holding company based in Jackson, Michigan.

NiSource
NiSource is a regulated utility holding company that provides natural gas and electricity to approximately 3.3 million customers through its Columbia Operations and NIPSCO Operations segments.

