May 7, 2023 by Linda Samuel
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:
1. Exelon Corporation
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.
4. Engie
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.
5. Edison International
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.
