The top companies in electric utility central are Exelon Corporation, American Electric Power, Electricite De France, Engie, and Edison International. These companies operate with very large revenues and are some of the biggest employers of labor worldwide. Electric utility companies are also called power distribution companies as they are engaged in electricity generation and distribution.
Overview of the Electric Utility Central Field
The electric utility central field, also known as the power distribution system field, is responsible for transporting and distributing energy from power plants to residences, companies, and other organizations. The system is made up of a network of power lines, transformers, substations, and other equipment needed to transport energy throughout a geographical area.
According to US BLS, The electric utility industry employed approximately 560,000 people in 2020. This comes to show that these electric utility central companies contribute positively to the economy worldwide.
More so, this industry is very important to the economy. According to the International Energy Agency, global electricity demand is projected to increase by 4% in 2024.
Types of Companies in Electric Utility Central
There are 3 major types of electric utility central companies. While these companies vary in different aspects, they all aim to provide electricity for residences, companies, and other organizations.
3 major types of companies in electric utility central include the following:
1. Investor-owned utilities
These are independently owned companies that provide electricity and natural gas services in order to profit investors. They are also known as IOUs. Profits can be paid to investors or reinvested in order to increase profits.
IOUs own their own power plants and buy power through contracts. They have the largest electric utility with a complex mix of customers.
2. Public-owned utilities
These are non-profit organizations that are largely managed by municipal or local governments. Their goal is to provide electrical services to communities in a way that covers costs while also generating extra revenue to invest in new facilities.
Even though public utilities generate revenue, they also return excess funds to customers through lower rates and improved operational efficiency. Rates are set by the utility’s governing board or the city council, and the facilities are managed by locally elected officials.
3. Electric cooperatives
Electric cooperatives, like other cooperatives, are non-profit utility corporations owned by their customers. The firm is administered by an elected board and is responsible for providing cost-effective electricity services.
Top 20 Electric Utility Central Companies
The top 20 electric utility central companies include the following:
Size: 34,000 employees
Market Capitalization: $53.4 billion
Headquarters: Chicago, Illinois, USA
CEO: Christopher M. Crane
Exelon Corporation is an Energy and Power Generation firm headquartered in the United States. Exelon is the largest electric utility central business in the United States, with over 10 million subscribers.
JERA, a Japanese energy corporation, has formed a joint venture with the business to build and manage LNG projects in the United States and Canada. Exelon also conducts research & development in the areas of energy storage, electric cars, and system modernization.
2. American Electric Power
Size: 17,000 employees
Market Capitalization: $48.7 billion
Headquarters: Columbus, Ohio, USA
CEO: Nicholas K. Akins
American Electric Power (AEP) is an electric utility central company located in the United States that operates in 11 states. AEP’s primary focus is the generation, transmission, and distribution of electricity to its consumers. The company has a wide portfolio of power-producing assets that include coal, natural gas, nuclear, hydroelectric, and renewable energy sources.
AEP has joint ventures with companies in Canada and Mexico to develop and operate transmission and distribution infrastructure in those countries. In addition, the corporation owns a minority share in an Indian wind farm.
3. Electricite De France (EDF)
Size: 165,000 employees
Market Capitalization: EUR 39.1 billion
Headquarters: Paris, France
CEO: Jean-Bernard Lévy
Electricity De France is a French electric utility central company that primarily uses nuclear power and renewable energy. The primary operations of the firm are to offer and supply electricity and gas to commercial, residential, and industrial clients.
The company has created energy through a portfolio of generation assets that includes nuclear, coal-fired, gas, and renewable power. EDF Energy is also involved in the development of new nuclear assets.
Size: 170,000 employees
Market capitalization: $46.8 billion
Headquarters: Paris, France.
CEO: Catherine MacGregor.
Engie is a global electric utility central corporation headquartered in France that operates in over 70 countries across the world. The primary emphasis of the company is the generation, transmission, and distribution of electricity and natural gas, as well as the provision of energy services and solutions to its clients. Engie’s power-producing assets are diversified, including nuclear, natural gas, wind, solar, and hydroelectric power facilities.
The company’s overseas activities include the construction and operation of renewable energy projects throughout Europe, Asia, and the Americas. Engie is also into energy storage, electric transportation, and smart city technologies.
Size: 12,500 employees
Market capitalization: $23.5 billion
Headquarters: Rosemead, California, United States
CEO: Pedro J. Pizarro
Edison International, established in California, is a publicly listed electric utility holding company. It operates through companies like Southern California Edison, which serves over 15 million people in central, coastal, and southern California.
The company’s primary goal is to provide its clients with safe and dependable power services. The company also invests in renewable energy and energy-saving efforts.
6. Consolidated Edison
Size: 15,000 employees
Market Capitalization: $25.4 billion
Headquarters: New York, USA
CEO: Timothy P. Cawley
Consolidated Edison, Inc. (Con Edison) is an electric utility central company that primarily serves clients in New York City and Westchester County.
The corporation is dedicated to shifting to greener energy sources and has set a target of attaining net-zero greenhouse gas emissions by 2040. Con Edison is investing in renewable energy projects and is investigating energy storage and other clean energy technologies.
7. Nextera Energy
Size: 14,000 employees
Market capitalization: $173.5 billion
Headquarters: Juno Beach, Florida, USA
CEO: James L. Robo
Nextera Energy is an energy, power, electricity generation, and utility firm established in the United States. NextEra Energy, Inc. is the largest producer of renewable, wind, and solar energy in the world. The headquarters are in the United States.
Nextera Energy is America’s largest electric utility central company. The company supplies clean, cheap, and dependable electricity to nearly 5.8 million and to more than 12 million people across Florida. It has frequently been recognized for its dedication to corporate responsibility and operational excellence.
8 Duke Energy Corporation
Size: 29,000 employees
Market capitalization: $84.8 billion
Headquarters: Charlotte, North Carolina, USA
CEO: Lynn J. Good
Duke Energy Corporation is an electric utility (electricity distribution) firm headquartered in North Carolina, USA. Duke Energy Corporation serves 8.2 million consumers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky. This is possible because the company has a combined energy capacity of 50,000 megawatts.
The natural gas division of Duke Energy Corporation serves 1.6 million consumers in North Carolina, South Carolina, Tennessee, Ohio, and Kentucky. The company has over 28,000 employees and is one of the major electric utility central companies in the United States.
9. The Southern Company
Size: 26,000 employees
Market capitalization: $70.7 billion
Headquarters: Atlanta, Georgia, USA
CEO: Kimberly S. Greene
The Southern Company is a gas and electric utility corporation headquartered in Georgia, USA, with millions of consumers countrywide. It serves 9 million people and companies across the country through electric utilities in three states.
Southern Company is one of the major power producers in the United States, as well as the largest wholesale provider in the Southeast. The company is in charge of about 27,000 miles of transmission lines, 3,700 substations, and 300,000 acres.
Size: 38,000 employees
Market capitalization: CNY 1.22 trillion
Headquarters: Beijing, China
CEO: Yan Zhiyong
China Yangtze Power is a Chinese electric utility central company. The company generates and sells electricity. It is the world’s biggest hydroelectric corporation and the major subsidiary of China Three Gorges Corporation.
China Yangtze Power has also expanded its activities internationally, investing in hydropower projects in Brazil, Laos, and Pakistan. These worldwide operations are part of China’s Belt and Road Initiative, which intends to improve infrastructure and connectivity throughout Asia, Europe, and Africa.
Size: 38,000 employees
Market capitalization: EUR 96.3 billion
Headquarters: Bilbao, Spain
CEO: Ignacio S. Galán
Iberdrola is a Spanish electric utility central corporation with operations in over 40 countries. It is one of the world’s leading renewable energy firms, focusing on wind and solar energy while also producing, distributing, and selling electricity and gas.
Iberdrola is committed to sustainability and has set lofty goals for decreasing its carbon impact, including aims to achieve carbon neutrality by 2050. Iberdrola had a market valuation of roughly €80 billion as of September 2021.
Size: 2,900 employees
Market Capitalization: EUR 27.6 billion
Headquarters: Vienna, Austria
CEO: Wolfgang Anzengruber
Verbund is Austria’s major electrical company and one of Europe’s largest hydropower producers. Nearly all of the company’s electricity is generated using environmentally friendly, renewable hydropower. The company’s headquarters are in Vienna, Austria.
Verbund also has operations in other European nations, such as Germany, Italy, and France. The company also has investments in renewable energy projects in other countries, such as Bulgaria and Turkey. Furthermore, the company is involved in R&D activities related to energy efficiency and the integration of renewable energy sources into the power grid.
Size: 67,000 employees
Market Capitalization: EUR 85.5 billion
Headquarters: Rome, Italy
CEO: Francesco Starace
Enel is a global energy corporation located in Italy that primarily produces and distributes electricity and natural gas. It is one of Europe’s major utility businesses, with operations in over 30 countries across five continents.
Enel’s principal focus is renewable energy, with a goal of generating 60% of its total capacity from renewables by 2022. Enel also conducts research and development in the areas of energy storage, electric transportation, and smart grids. The business has made investments in renewable energy projects in a number of countries, including the United States, Brazil, Chile, and South Africa.
14. Dominion Energy
Size: 16,200 employees
Market Capitalization: $69.4 billion
Headquarters: Richmond, Virginia, USA
CEO: Robert M. Blue
Dominion Energy is an electric utility central company that primarily focuses on the generation, transmission, and distribution of electricity and natural gas. The corporation serves approximately 7 million consumers and operates in 16 states in the United States.
Dominion Energy’s power-generating assets are diversified, including nuclear, natural gas, coal, solar, and wind power facilities. In addition, the corporation has invested in offshore wind projects in Virginia and Rhode Island. This will greatly enhance its renewable energy capacity in the future years.
15. Sempra Energy
Size: 19,000 employees
Market Capitalization: $52.2 billion
Headquarters: San Diego, California, USA
CEO: Jeffrey W. Martin
Sempra Energy is an electric utility central firm based in California, USA. It is dedicated to connecting millions of people by creating, constructing, running, and investing in clean energy, energy networks, ideas, and innovation.
Sempra’s objective is to be the leading energy infrastructure firm in North America. Sempra Energy has international operations in Mexico, Chile, Peru, and Argentina, among others. The corporation has made substantial investments in Mexican natural gas infrastructure.
Market Capitalization: N/A (private company)
Headquarters: Portland, Oregon, USA
CEO: Stefan Bird
PacifiCorp is an electric utility central company headquartered in the United States that serves almost 2 million clients. The company’s business units are market leaders in supplying safe, dependable, and long-term low-cost electricity.
PacifiCorp has few foreign activities because it primarily serves consumers in the Western United States. However, the company is a subsidiary of Berkshire Hathaway Energy, which has international energy operations in the United Kingdom, Canada, and Australia.
17. TC Energy Corporation
Size: 7,000 employees
Market capitalization: $56.8 billion
Headquarters: Calgary, Alberta, Canada
CEO: François Poirier
TC Energy Corporation is a North American energy infrastructure corporation established in Canada. The company concentrates on the construction and operation of energy infrastructure, such as pipelines, natural gas storage facilities, and power-producing assets.
TC Energy is involved in the construction and operation of pipelines and natural gas storage facilities in Mexico and the United States. The company is also working on many international natural gas pipeline projects, including Canada’s Trans Mountain Expansion Project and the Keystone XL Pipeline. The aim of this project is to transport oil from Canada to the United States.
18. Xcel Energy
Size: 11,000 employees
Market capitalization: $36.9 billion
Headquarters: Minneapolis, Minnesota, USA
CEO: Ben Fowke
Xcel Energy is an electric utility central company located in the United States. The company operates in eight Western and Midwestern states. The company’s primary concentration is on the generation, transmission, and distribution of electricity and natural gas to its customers.
Xcel Energy has few foreign operations because it primarily serves clients in the United States. However, the company has formed a joint venture with Iberdrola, a Spanish energy company, to develop wind energy projects in Mexico.
19. Adani Green Energy Limited (AGEL)
Size: 4,000 employees
Market capitalization: $21.1 billion
Headquarters: Ahmedabad, Gujarat, India.
CEO: Vneet S. Jaain.
Adani Green Energy Limited is one of India’s major renewable energy companies, having a current project portfolio of 5,990 MW and a capacity of 2,545 MW. The company’s portfolio is roughly evenly divided in terms of capacity between national and state government initiatives.
They design, build, own, manage, and maintain utility-scale grid-connected solar, wind, hybrid, and solar park projects. Adani Green Energy has a presence in numerous Indian states and has been given contracts to create renewable energy projects by the Indian government. In addition, the business has completed overseas acquisitions to diversify its portfolio of renewable energy assets.
Size: 23,000 employees
Market capitalization: $24.5 billion
Headquarters: San Francisco, California, USA
CEO: Patti Poppe.
Pacific Gas & Electric Corporation is an electric utility central company that primarily serves clients in Northern and Central California. The firm is focused on the generation, transmission, and distribution of electricity and natural gas.
The corporation is dedicated to shifting to greener energy sources and has set a target of reaching net-zero greenhouse gas emissions by 2045. PG&E is investing in renewable energy projects, including wind and solar farms, as well as researching energy storage and other clean energy technology.
Table showing the top 20 companies in the Electric Utility Central field
|Company||No. of Employees||Headquarters||Market Capitalization|
|Exelon Corporation||34,000||Chicago, Illinois, USA||$53.4 billion|
|American Electric Power||17,000||Columbus, Ohio, USA||$48.7 billion
|Electricite De France (EDF)||165,000||Paris, France||EUR 39.1 billion
|Engie||170,000||Paris, France||$46.8 billion
|Edison International||12,500||Rosemead, California, USA||$23.5 billion
|Consolidated Edison||15,000||New York, USA||$25.4 billion
|Nextera Energy||14,000||Juno Beach, Florida, USA||$173.5 billion
|Duke Energy Corporation||29,000||Charlotte, North Carolina, USA||$84.8 billion
|The Southern Company||26,000||Atlanta, Georgia, USA||$70.7 billion
|Iberdrola||38,000||Bilbao, Spain||EUR 96.3 billion
|China Yangtze Power||38,000||Beijing, China||CNY 1.22 trillion
|Verbund||2,900||Vienna, Austria||EUR 27.6 billion
|Enel||67,000||Rome, Italy||EUR 85.5 billion|
|Dominion Energy||16,200||Richmond, Virginia, USA||$69.4 billion
|Sempra Energy||19,000||San Diego, California, USA||$52.2 billion
|PACIFICORP||2,600||Portland, Oregon, USA||N/A|
|TC Energy Corporation
|7,000||Calgary, Alberta, Canada||$56.8 billion
|Xcel Energy||11,000||Minneapolis, Minnesota, USA||$36.9 billion
|Adani Green Energy Limited (AGEL)||4,000||Ahmedabad, Gujarat, India||$21.1 billion
|Pacific Gas & Electric Corporation (PG&E)||23,000||San Francisco, California, USA||$24.5 billion
Commonalities of the Electric Utility Central Industry
The electric utility central industry is a complicated and necessary aspect of contemporary civilization. It will continue to play an important role in powering homes, companies, and institutions for many years to come.
5 commonalities of the electric utility central industry include:
The central field infrastructure of electric utility central consists of power plants, transmission lines, distribution systems, and substations. These are used to create, transfer, and distribute energy to end consumers.
To guarantee the safe and dependable distribution of energy to customers, the electric utility central industry is frequently subject to stringent regulation and monitoring by government authorities.
In many regions, the central field infrastructure of electric utilities is controlled by a limited number of major businesses that have a monopoly on the market.
New technologies like smart grids, energy storage, and renewable energy sources are incorporated into existing infrastructure. This is to increase efficiency, dependability, and sustainability and to ensure that the electric utility system industry is continually developing.
Safety standards are a primary responsibility of the electric utility central industry. The industry thrives to safeguard personnel, customers, and the general public from electrocution and other risks.
How to Get a Job Offer from Companies in the Electric Utility Central?
Obtaining a job offer from a company in an electric utility central company can be easy if you follow the right steps and procedures.
5 practical steps to get a job offer from companies in the electric utility central field:
1. Education and training
Many jobs in the central electric utility business include specialized education and training. For instance, most jobs in this sector will require a degree in electrical engineering or certification in a certain specialty. Consider furthering your education or training to improve your qualifications for prospective work prospects.
Conduct research on organizations in the electric utility central industry to uncover prospective work possibilities that match your skills. Job vacancies can be found on corporate websites, job boards, and professional networking sites like LinkedIn.
Developing contacts with industry professionals may be an excellent approach to knowing about job vacancies and obtaining information about the sector. To broaden your network, attend business conferences, join professional groups, and interact with people on LinkedIn.
4. Develop applicable skills
Develop skills applicable to the key industry of electric utilities, such as electrical engineering, project management, and data analysis. These skills might make you a more appealing candidate to prospective employers.
5. Tailor your resume and cover letter
For each job you apply for, tailor your resume and cover letter to showcase your relevant abilities, experience, and accomplishments. Make a point of emphasizing your interest in the electric utility central industry and your enthusiasm for the job.
6. Prepare for interviews
If you are asked for an interview, do your homework about the firm and the industry. Prepare to describe your experience and credentials in detail by practicing answering typical interview questions.
7. Follow up
After the interview, thank the interviewer for their time and convey your ongoing interest in the position. This can assist in keeping you in the forefront of the company’s thoughts while they make their hiring choice.
What Do Companies in the Electric Utility Central Field Look For When Hiring?
Candidates with a combination of technical talents, industry knowledge, and soft skills are often sought in the electric utility central industry.
Here are 5 specific skills electric utility central companies look for when hiring:
1. Technical skills
Companies in the key electric utility central industry often require individuals to have technical abilities in electrical engineering and power systems. Extensive knowledge of industry-specific software, data analysis, and project management may also be required.
2. Industry knowledge
Electric utility central companies will seek applicants with a thorough grasp of the electric utility core field. This includes the infrastructure, technology, and laws that regulate the business. Candidates with prior industry experience will have an edge.
3. Communication skills
Electric utility central companies usually hire applicants with great communication, cooperation, and problem-solving abilities. It is also necessary to be able to operate well as a team, handle opposing priorities, and adapt to changing circumstances.
4. Safety consciousness
Electric utility central companies usually hire applicants that emphasize safety and exhibit a thorough awareness of safety standards. This is such an important skill due to the inherent risks of working in the electric utility central field.
Electric utility central companies are looking for people with a creative mentality and the capacity to accept new technologies and processes.
Conclusion: World’s Top 20 Electric Utility Central Companies
These are some of the top electric utility central companies in the world. These companies operate internationally and are now committed to green energy and sustainability. Provided you have the necessary skills, you can land a lucrative job with one of these companies.
FAQs: World’s Top 20 Electric Utility Central Companies
What is the current largest electric utility company worldwide?
The current largest electric utility company in the world by revenue is State Grid Corporation of China.
Who is the largest private power producer in the world?
The largest private power producer in the world is currently NextEra Energy, which is based in the United States.