Largest gas and electric utilities in the U.S. as of April 22, 2016, based on market value (in billion U.S. dollars)

This statistic shows the largest electric utilities in the United States as of April 22, 2016, based on market value. With a market value of around 53.1 billion US dollars, North Carolina-based electric utility Duke Energy was ranked first in 2016. Follow this link to get access to the top 100 U.S. utility companies list.

Electric utilities in the United States

Utilities provide the public with vital commodities or services such as power, natural gas and water. The number of electric utility companies operating in the United States is estimated at over 3,300, with around 200 of them providing power to the majority of users. The U.S. power grid connects about 2.5 million miles of feeder lines and over 450,000 miles of high-voltage transmission lines. The consumers of utility companies can be segmented into industrial, commercial and residential users, the latter of which account for the bulk of retail electricity sales. U.S. residential electricity users bought some 1.3 petawatt hours worth of power in 2015.

Following its merger with Progress Energy, Duke Energy became the one of the largest U.S. energy companies in terms of market value* and topped the 2015 list of leading electric utilities in the United States. As is the case with 17th-ranked Wisconsin Energy, a utility’s name often indicates its main region of operation in a market which used to be highly regulated. Over the past decades, the generation, transmission and distribution of electricity has been deregulated in various states, including Texas, New York and California. The extent to which the local electricity market is regulated also determines the level of power rates paid by consumers. The structure and design of electricity tariffs may vary greatly throughout the country. While electricity prices in Hawaii and Connecticut are considerably higher than the national average retail price, customers in Louisiana and Idaho are asked to pay the lowest rates.

According to the source, market values were calculated at April 22 closing prices, including all common shares outstanding. Each company included in the ranking must reach a certain cutoff value: sales of 4.9 billion U.S. dollars, profits of 247 million U.S. dollars, assets of 8.72 billion U.S. dollars and a market value of 4.92 billion U.S. dollars.

Show more
Download this statistic as XLS, PNG and PDF?
Basic Account
  • Access to basic statistics (approx. 7%)
  • Common download functions
Premium Account
$588per year*
  • All the advantages of the Basic Account
  • Instant access to all statistics
  • Download as XLS, PNG and PDF
 Market value in billion U.S. dollars
Duke Energy 53.1
NextEra Energy 52.8
Southern Co 45.3
Dominion Resources 43.2
Exelon 31.4
American Electric 30.8
PG&E 28.2
PPL 24.7
PSEG Public Service Enterprise 22.9
Edison International 22.4
Consolidated Edison 21
Xcel Energy 19.8
WEC Energy Group 17.9
Eversource Energy 17.6
DTE Energy 15.4
FirstEnergy 14.6
Entergy 13.3
Ameren 11.3
CMS Energy 11
Source information for logged in users only.
Show our solutions
Everything you need to know about...
Energy consumption in the United States - Statista Dossier
  • Great time-saver
  • All relevant statistics included

Offer: Order your Premium Account now & and get this dossier for free.

Get free dossier
Complete Market report about...
Electricity in the United States - Statista Dossier
  • All the facts in one convenient package
  • Detailed information

Offer: Order your Premium Account now & and get this dossier for free.

Get free dossier
Easy compilation of market analyses
Electric utilities in the United States - Statista Dossier
  • Complete market overview
  • Save time on your research

Special offer: Buy a Premium Account now and this Dossier is free.

Get free dossier
You may also be interested in...
Show more
Market Analytics
Recent Statistics
Related market forecasts
Recommended studies and dossiers

Find the proper statistic fast and easy: