Largest power utilities in the U.S. 2022, by market value

NextEra Energy was the leading electric utility in the U.S. as of April 2022, based on market value, at more than 145 billion U.S. dollars. North Carolina-based electric utility Duke Energy ranked second at that time, with a market value of roughly 88 billion dollars.

A new age of energy company

In addition to leading the ranking in the U.S., NextEra Energy was also the leading electric utlity worldwide in terms of market value as of April 2022. Along with companies such as Iberdrola, Enel, and Orsted, NextEra Energy is part of a new generation of energy giants nicknamed green supermajors. With large investments in renewable electricity capacity, these utilities have seen their market value soar in recent years, challenging established energy companies operating in the oil sector such as Chevron and Shell.

Electric utilities in the United States

Utilities provide the public with vital commodities or services such as power, natural gas, and water. In 2021, there were nearly 1,700 electricity providers operating in the U.S., of which cooperatives accounted for the largest share. While investor-owned utilities represented less than 10 percent of electricity providers in the country that year, they usually serve the highest number of customers. In 2021, more than 158 million customers were served by the U.S. electric industry.