# Utilities Financial Models - Page 2

Canonical: https://finamodel.com/sectors/utilities/page/2

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.

Page 2 of 2

- [Evergy](https://finamodel.com/companies/evergy)
- [Pinnacle West Capital](https://finamodel.com/companies/pinnacle-west-capital)
- [Atmos Energy](https://finamodel.com/companies/atmos-energy)
- [American Water Works](https://finamodel.com/companies/american-water-works)
- [Alliant Energy](https://finamodel.com/companies/alliant-energy)
- [DTE Energy](https://finamodel.com/companies/dte-energy)
- [Xcel Energy](https://finamodel.com/companies/xcel-energy)

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