The utility names in North and South Carolina often go well beyond the state borders. An investment column caught our eye recently that had a list of the largest U.S. utilities. Interesting article. Thought we’d mention the list to show that the Southeast has some big electric energy players. This list is by market capitalization, or, the number of shares times the price per share, and was put together in September. The market value of any company that is traded on the stock exchange changes by the minute, so this is just a reference, a point-in-time.
The point is that the utility industry is a big industry. As ECC noted in a previous blog, the industry is capital intensive. It takes a lot of money to run the business.
In showing this list, ECC does not infer that any stock is a good or not-so-good place for investing or for business. ECC is not an investment website. Investing is a personal decision.
We used bold type to show those utilities with a presence in the Southeast (for our purpose we will use North and South Carolina, Virginia, Georgia, Florida, Alabama). The list has the name, market cap, and where the company is based. (Source)
- NextEra Energy. $108 billion market cap. Diversified. Based in Florida.
- Duke Energy. $68 billion. Diversified. Based in North Carolina.
- Enbridge. $67 billion. Pipeline/Diversified. Based in Calgary, Canada.
- Dominion Energy. $63 billion. Diversified. Based in Virginia.
- The Southern Company. $63 billion. Diversified. Based in Georgia.
- Enterprise Products Partners. $62 billion. Pipeline. Based in Texas.
- Exelon Corporation. $46 billion. Diversified (with nuclear focus). Based in Illinois.
- Kinder Morgan, Inc. $45 billion. Pipeline. Based in Texas.
- American Electric Power. $45 billion. Electric. Based in Ohio.
- Sempra Energy. $38 billion. Diversified. Based in California.
If international companies are included, these firms could make the list. Companies this size have multi-national operations. (Source)
- Engie: (Was GDF Suez) Headquartered in France.
- National Grid: Headquartered in London.
- Électricité de France SA: State-owned utility.
- Enel: Based in Rome.
- Iberdrola: A Spanish public multinational electric utility company based in Bilbao.