5 Biggest Utility Companies in the World

 1. NextEra Energy, Inc. (NYSE:NEE)

 Market Cap As of June 17: $139.11B

Based out of Juno Beach, Florida, NextEra Energy (NYSE:NEE) is the single largest utility holding company in the world by market capitalization. It has a power generation capacity of 58GW, nearly 14900 employees nationwide, and its annual revenues stood at $19.2 billion in the fiscal year of 2019. NextEra (NYSE:NEE), through its subsidiaries, provides utility services to more than 30 million customers across half of Florida. The company ranked 167th on the Fortune 500 in 2018, as one of the largest corporations in the United States by revenue. Florida Power and Light (NYSE:FPL) is one of the largest subsidiaries of NextEra Energy (NYSE:NEE) and provides utility services to nearly 5 million customer accounts across Florida. 41% of the generation capacity of Florida Power and Light (NYSE:FPL) is reserved for fossil fuel generation.

In keeping with the transitional changes overcoming the global utility industry, NextEra Energy (NYSE:NEE) has unveiled strategies to limit carbon emissions, through increased inclinations towards renewable energy sources, namely solar and wind power. The company’s total assets are worth $117.7 billion, with 41% reserved for fossil-fuel generation.

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