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.

DUK_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Duke Energy logo

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_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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NRG Energy logo

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.

SO_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Southern logo

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.

NEE_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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NextEra Energy logo

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.

PCG_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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PG&E logo

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.

EXC_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Exelon logo

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.

CEG_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Constellation Energy logo

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.

AEP_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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American Electric Power logo

American Electric Power

American Electric Power Company, Inc.

EIX_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Edison International logo

Edison International

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

SRE_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Sempra logo

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.

ED_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Consolidated Edison logo

Consolidated Edison

Consolidated Edison, Inc.

VST_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Vistra logo

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.

D_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Dominion Energy logo

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.

FE_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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FirstEnergy logo

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_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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AES logo

AES

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

ETR_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Entergy logo

Entergy

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

ES_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Eversource Energy logo

Eversource Energy

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

PEG_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Public Service Enterprise Group logo

Public Service Enterprise Group

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

WEC_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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WEC Energy Group logo

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.

CNP_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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CenterPoint Energy logo

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_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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PPL logo

PPL

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

AEE_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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Ameren logo

Ameren

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

CMS_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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CMS Energy logo

CMS Energy

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

NI_Financial_Model.xlsx
Metric
2026
2027
Revenue
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EBITDA
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NiSource logo

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.

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