As of June 2023, NextEra Energy is the largest electric utility in the U.S., based on its significant market value.
Leading US Electric Utilities by Market Value
NextEra Energy achieved its leading position with a market value of nearly 153 billion U.S. dollars in June 2023. This metric, market capitalization, is a key indicator of a company's overall size and investor confidence within the industry. Following NextEra Energy, the Georgia-based electric utility Southern Company ranked second at that time, with a market value of approximately 82 billion dollars.
Here's a comparison of these top companies by market value:
| Company Name | Market Value (as of June 2023) |
|---|---|
| NextEra Energy | Nearly $153 billion U.S. dollars |
| Southern Company | Roughly $82 billion U.S. dollars |
NextEra Energy, headquartered in Juno Beach, Florida, is widely recognized for its diverse energy portfolio. This includes being one of the world's largest generators of renewable energy from wind and solar, and it operates Florida Power & Light, a regulated electric utility serving millions of customers. You can learn more about the company's operations on the NextEra Energy corporate website.
Southern Company, headquartered in Atlanta, Georgia, is another major player in the U.S. energy sector. It provides reliable electricity and natural gas services to customers across several states in the southeastern U.S. through its various subsidiaries.
These companies are vital to the nation's energy infrastructure, providing power and advancing innovation within the utility industry.
