In this article we are going to list the 10 largest utility companies in the world. For a detailed coverage of this topic and a more comprehensive coverage, please take a look at the 15 largest utility companies in the world.
10. Tokyo Electric Power
Total revenue of the company in 2019 (in millions of dollars): 57,407
Total profits of the company in 2019 (in millions of dollars): 466
Total assets of the company in 2019 (in millions of dollars): 110,649
Total employees of the company in 2019: 37,892
This Japanese company is of course, Japan’s biggest utility company, and while headquartered in Toyko, also has branches in London and Washington D.C.
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9. China Huadian
Total revenue of the company in 2019 (in millions of dollars): 33,808
Total profits of the company in 2019 (in millions of dollars): 310
Total assets of the company in 2019 (in millions of dollars): 118,038
Total employees of the company in 2019: 94,790
It is one of the five biggest state owned power generation companies in China, and produces around 10% of China’s total power.
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8. CFE
Total revenue of the company in 2019 (in millions of dollars): 29,869
Total profits of the company in 2019 (in millions of dollars): 2,261
Total assets of the company in 2019 (in millions of dollars): 115,748
Total employees of the company in 2019: 90,621
The Comisión Federal de Electricidad is Mexico’s biggest utility company, and is owned by the government of Mexico. In fact, it is the second most powerful state owned company in Mexico and was founded 83 years ago in 1937.
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7. Korea Electric Power (NYSE:KEP)
Total revenue of the company in 2019 (in millions of dollars): 50,257
Total profits of the company in 2019 (in millions of dollars): -2,013
Total assets of the company in 2019 (in millions of dollars): 170,888
Total employees of the company in 2019: 47,452
Korea Electric Power is the biggest utility and electricity provider in the country of South Korea, and also makes our list of the largest utility companies in the world. The company is responsible for the generation, distribution and transmission of electricity through wind, coal and nuclear power.
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6. Exelon (NASDAQ:EXC)
Total revenue of the company in 2019 (in millions of dollars): 34,438
Total profits of the company in 2019 (in millions of dollars): 2,936
Total assets of the company in 2019 (in millions of dollars): 124,977
Total employees of the company in 2019: 32,713
The largest utility company in the United States is Exelon, which has more than 10 million customers. It is also the biggest nuclear power plant operator in the United States and the biggest non-governmental nuclear power plant operator in the entire world.
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5. Iberdrola
Total revenue of the company in 2019 (in millions of dollars): 40,783
Total profits of the company in 2019 (in millions of dollars): 3,813
Total assets of the company in 2019 (in millions of dollars): 137,437
Total employees of the company in 2019: 34,306
Iberdrola is the largest utility company in Spain, and you will soon see the largest utility countries in Italy and France as well. The company is based in Bilbao and has a presence in dozens of countries across the world, serving close to 32 million customers. It is also the biggest wind power producer in the world and like I mentioned earlier, has a presence in many countries which include USA, the United Kingdom, Brazil, Germany, France, Portugal, Italy and Mexico.
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4. China Southern Power Grid
Total revenue of the company in 2019 (in millions of dollars): 81,978
Total profits of the company in 2019 (in millions of dollars): 1,833
Total assets of the company in 2019 (in millions of dollars): 134,036
Total employees of the company in 2019: 283,639
Founded in 2002, this state owned company shows the presence of China in our list, and another entry is yet to come from the country. It is involved in the investment, management and construction of power transmission, transformation as well as distributing and maintains its presence in five provinces of the country. The headquarters of the company are maintained in Guangzhou, Guangdong.
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3. Enel
Total revenue of the company in 2019 (in millions of dollars): 89,907
Total profits of the company in 2019 (in millions of dollars): 2,433
Total assets of the company in 2019 (in millions of dollars): 192,409
Total employees of the company in 2019: 68,253
The biggest utility company in Italy, which was initially a public body in 1962, before becoming a public company in 1992 and then being privatized in 1999.
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2. Electricité de France
Total revenue of the company in 2019 (in millions of dollars): 80,278
Total profits of the company in 2019 (in millions of dollars): 5,770
Total assets of the company in 2019 (in millions of dollars): 340,406
Total employees of the company in 2019: 161,522
EDF is a French company as suggested by its name, and in 2009, was the biggest producer of electricity in the world. EDF has 58 active nuclear reactors, and even though there has been controversy regarding the government shutting nuclear plants to reduce their dependency on nuclear energy, recently the government asked EDF for proposals on three replacement nuclear powerplants.
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1. State Grid
Total revenue of the company in 2019 (in millions of dollars): 383,906
Total profits of the company in 2019 (in millions of dollars): 7,970
Total assets of the company in 2019 (in millions of dollars): 596,616
Total employees of the company in 2019: 907,677
Topping the list of the 10 largest utility companies in the world is State Grid, which in terms of revenue is also among the biggest companies in the world regardless of industry or location. In fact, if we consider revenue alone, it is currently the third largest company in the entire world. The company was established 18 years ago in 2002 and is headquartered in Beijing. The company employs over 900,000 people and is one of the biggest companies in the world by number of employees as well.
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