The public utilities field is a vital part of our economy. It encompasses companies that provide essential services such as water, electricity, and gas. There are many companies that operate in this space, and it can be tough to keep track of them all. In this blog post, we will take a look at some of the biggest players in the public utilities field. We will also discuss what services they offer and how they are changing the industry landscape.
What Companies Are In The Public Utilities Field?
1. American Water
American Water is one of the largest water utilities in the United States. They serve over 15 million people in 47 states. American Water also offers wastewater and stormwater management services.
In recent years, American Water has made a number of acquisitions to expand their reach and service offerings. In 2017, they acquired Pennsylvania American Water for $850 million. This move added over two million customers to their portfolio.
American Water is a publicly traded company with a market capitalization of over $15 billion. They have annual revenues of over $3 billion and employ around six thousand people.
The company is headquartered in New Jersey and has operations all over the United States.
American Water is a major player in the public utilities space and continues to grow through acquisitions. They are a publicly traded company with strong financial backing.
2. NextEra Energy
NextEra Energy is one of the largest utilities in the United States. They serve over five million customers in 26 states. NextEra Energy also owns a number of subsidiaries that offer complementary services such as renewable energy and natural gas.
In 2016, NextEra Energy made a major acquisition when it bought Florida Power & Light for $6 billion. This move added over four million customers to their portfolio.
NextEra Energy is a publicly traded company with a market capitalization of over $50 billion. They have annual revenues of over $17 billion and employ around fourteen thousand people.
The company is headquartered in Florida and has operations all over the United States.
NextEra Energy is a major player in the public utilities space and continues to grow through acquisitions. They are a publicly traded company with strong financial backing.
3. Duke Energy
Duke Energy is one of the largest utilities in the United States. They serve over seven million customers in six states. Duke Energy also owns a number of subsidiaries that offer complementary services such as renewable energy and natural gas.
In 2016, Duke Energy made a major acquisition when it bought Piedmont Natural Gas for $4.5 billion. This move added over one million customers to their portfolio.
Duke Energy is a publicly traded company with a market capitalization of over $50 billion. They have annual revenues of over $23 billion and employ around twenty-nine thousand people.
The company is headquartered in North Carolina and has operations all over the United States.
Duke Energy is a major player in the public utilities space and continues to grow through acquisitions. They are a publicly traded company with strong financial backing.
4. Southern Company
Southern Company is one of the largest utilities in the United States. They serve over nine million customers in four states. Southern Company also owns a number of subsidiaries that offer complementary services such as renewable energy and natural gas.
In 2016, Southern Company made a major acquisition when it bought AGL Resources for $8 billion. This move added over four million customers to their portfolio.
Southern Company is a publicly traded company with a market capitalization of over $50 billion. They have annual revenues of over $20 billion and employ around twenty-six thousand people.
The company is headquartered in Alabama and has operations all over the United States.
Southern Company is a major player in the public utilities space and continues to grow through acquisitions. They are a publicly traded company with strong financial backing.
5. Berkshire Hathaway Energy
Berkshire Hathaway Energy is a subsidiary of Warren Buffet’s holding company, Berkshire Hathaway. They are one of the largest utilities in the United States. They serve over eight million customers in eleven states. Berkshire Hathaway Energy also owns a number of subsidiaries that offer complementary services such as renewable energy and natural gas.
Berkshire Hathaway Energy is a publicly traded company with a market capitalization of over $50 billion. They have annual revenues of over $17 billion and employ around seventeen thousand people.
The company is headquartered in Iowa and has operations all over the United States.
Berkshire Hathaway Energy is a major player in the public utilities space and continues to grow through acquisitions. They are a publicly traded company with strong financial backing.
6. American Electric Power
American Electric Power is one of the largest utilities in the United States. They serve over five million customers in eleven states. American Electric Power also owns a number of subsidiaries that offer complementary services such as renewable energy and natural gas.
In 2016, American Electric Power made a major acquisition when it bought AEP Texas for $10 billion. This move added over one million customers to their portfolio.
American Electric Power is a publicly traded company with a market capitalization of over $33 billion. They have annual revenues of over $15 billion and employ around seventeen thousand people.
The company is headquartered in Ohio and has operations all over the United States.
American Electric Power is a major player in the public utilities space and continues to grow through acquisitions. They are a publicly traded company with strong financial backing.
7. Consolidated Edison
Consolidated Edison is one of the largest utilities in the United States. They serve over three million customers in New York. Consolidated Edison also owns a number of subsidiaries that offer complementary services such as renewable energy and natural gas.
In 1998, Consolidated Edison made a major acquisition when it bought Orange and Rockland Utilities for $790 million. This move added over two million customers to their portfolio.
Consolidated Edison is a publicly traded company with a market capitalization of over $23 billion. They have annual revenues of over $12 billion and employ around fourteen thousand people.
The company is headquartered in New York and has operations all over the United States.
Consolidated Edison is a major player in the public utilities space and continues to grow through acquisitions. They are a publicly traded company with strong financial backing.
8. Dominion Resources
Dominion Resources is one of the largest utilities in the United States. They serve over six million customers in eighteen states. Dominion Resources also owns a number of subsidiaries that offer complementary services such as renewable energy and natural gas.
In 2016, Dominion Resources made a major acquisition when it bought Questar Corporation for $4 billion. This move added over one million customers to their portfolio.
Dominion Resources is a publicly traded company with a market capitalization of over $50 billion. They have annual revenues of over $19 billion and employ around twenty-five thousand people.
The company is headquartered in Virginia and has operations all over the United States.
Dominion Resources is a major player in the public utilities space and continues to grow through acquisitions. They are a publicly traded company with strong financial backing.
9. National Grid
National Grid is one of the largest utilities in the United Kingdom. They serve over nineteen million customers in the UK and US. National Grid also owns a number of subsidiaries that offer complementary services such as renewable energy and natural gas.
In 2000, National Grid made a major acquisition when they bought Niagara Mohawk Power Corporation for $3 billion. This move added over one million customers to their portfolio.
National Grid is a publicly traded company with a market capitalization of over $60 billion. They have annual revenues of over $23 billion and employ around twenty-seven thousand people.
The company is headquartered in London and has operations all over the United Kingdom and United States.
National Grid is a major player in the public utilities space and continues to grow through acquisitions. They are a publicly traded company with strong financial backing.
10. El Paso Electric Company
El Paso Electric Company is a regional electric utility serving over four hundred thousand customers in West Texas and Southern New Mexico. El Paso Electric also owns a number of subsidiaries that offer complementary services such as renewable energy and natural gas.
In 2020, El Paso Electric made a major acquisition when it bought Texas-New Mexico Power Company for $4 billion. This move added over two hundred thousand customers to their portfolio.
El Paso Electric is a publicly traded company with a market capitalization of over $2 billion. They have annual revenues of over $1 billion and employ around one thousand people.
The company is headquartered in Texas and has operations all over West Texas and Southern New Mexico.
El Paso Electric is a major player in the public utilities space and continues to grow through acquisitions. They are a publicly traded company with strong financial backing.
11. Pinnacle West Capital Corporation
Pinnacle West Capital Corporation is a holding company for Arizona Public Service, one of the largest electric utilities in the United States. They serve over four million customers in Arizona. Pinnacle West also owns a number of subsidiaries that offer complementary services such as renewable energy and natural gas.
In 2013, Pinnacle West made a major acquisition when it bought UNS Energy Corporation for $4 billion. This move added over one million customers to their portfolio.
Pinnacle West is a publicly traded company with a market capitalization of over $10 billion. They have annual revenues of over $5 billion and employ around seven thousand people.
The company is headquartered in Arizona and has operations all over the state.
Pinnacle West is a major player in the public utilities space and continues to grow through acquisitions. They are a publicly traded company with strong financial backing.
Conclusion
These are just a few of the many companies that are in the public utilities field. Each company has a strong financial backing and is continuing to grow through acquisitions. If you are looking for a stable company to invest in, the public utilities sector is a good place to start.