Global Utilities Strong Past Earnings Growth, P/E Ratio Below 20

RWE

Market Cap: €40.6b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ135.0b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 82.7b

Produces and supplies electricity from hydroelectric and wind sources in Romania.

Enel Américas

Market Cap: CL$9.0t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina.

Companhia Paranaense de Energia - COPEL

Market Cap: R$41.0b

Engages in the research, study, planning, construction, production, transformation, transportation, distribution, and commercialization of electricity in Brazil.

Hubei Energy Group

Market Cap: CN¥31.5b

Engages in the investment, development, and management of hydropower, thermal power, new energy power generation, nuclear power, and natural electricity in China and Peru.

Pampa Energía

Market Cap: AR$6.7t

Operates as an integrated power company in Argentina.

Inter RAO UES

Market Cap: ₽250.0b

Public Joint Stock Company Inter RAO UES operates as a diversified energy holding company in Russia and internationally.

Foran Energy Group

Market Cap: CN¥14.0b

Foran Energy Group Co., Ltd. transports and sells natural gas in China.

Premier Energy

Market Cap: RON 8.2b

Operates as an integrated energy and power infrastructure company in Romania, Moldova, Hungary, and Serbia.

Guangdong Baolihua New Energy Stock

Market Cap: CN¥10.3b

Guangdong Baolihua New Energy Stock Co., Ltd.

Companhia Distribuidora de Gás do Rio de Janeiro - CEG

Market Cap: R$7.4b

Engages in the distribution of natural gas in Brazil.

Copperbelt Energy

Market Cap: K25.6b

Engages in the generation, distribution, transmission, sale, and trade of electricity to mining customers in Zambia and the Democratic Republic of Congo (DRC).

Pluz Energía PerúA

Market Cap: S/4.0b

Distributes electricity in Peru.

Rosseti Lenenergo

Market Cap: ₽72.4b

Public Joint stock company Rosseti Lenenergo engages in the transmission and distribution of electricity in the Russian Federation.

Second Generating Company of the Electric Power Wholesale Market

Market Cap: ₽64.8b

Public Joint-Stock Company "Second Generating Company of the Electric Power Wholesale Market", together with its subsidiaries, generates and sells electricity and thermal energy in Russia.

Phoenix Power Company SAOG

Market Cap: ر.ع408.1m

Owns, designs, develops, constructs, operates, maintains, finances, and insures power generating stations, associated gas interconnection facilities, and other related infrastructure in the Sultanate of Oman.

Inversiones Aguas Metropolitanas

Market Cap: CL$925.0b

Through its subsidiaries, engages in the sanitation business in Chile.

Rosseti Moscow Region

Market Cap: ₽42.9b

Public Joint-Stock Company "Rosseti Moscow Region", together with its subsidiaries, engages in the transmission of electricity through electrical networks primarily in Moscow, Russia.

Shizuoka Gas

Market Cap: JP¥96.1b

Produces, supplies, and sells city gas in Japan.

Great Taipei Gas

Market Cap: NT$14.6b

Supplies natural gas in Taiwan.

Xinjiang Torch Gas

Market Cap: CN¥2.7b

Operates as a gas service company in China.

Absolute Clean Energy

Market Cap: ฿12.8b

Produces and distributes electricity and steam from renewable energy in Thailand.

Vivant

Market Cap: ₱21.1b

Through its subsidiaries, generates, distributes, and retails electric power in the Philippines.

Rosseti Centre and Volga region

Market Cap: ₽20.3b

Public Joint stock company Rosseti Centre and Volga region, together with its subsidiaries, engages in the transmission and distribution of electricity in Russia.

Vinacomin - Power Holding

Market Cap: ₫7.4t

Engages in the investment, construction, exploitation, and operation of thermal power, hydropower plants, power plants using new and renewable energy sources, and electricity supply systems in Vietnam.

Transnational

Market Cap: ₦376.0b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Keiyo Gas

Market Cap: JP¥43.8b

Engages in the production, supply, and sale of gas in Japan.

SPC Power

Market Cap: ₱14.8b

Generates, distributes, and sells electricity in the Philippines.

Hua Na Hydropower

Market Cap: ₫5.0t

Engages in the investment, production, and trading of electricity in Vietnam.

HIROSHIMA GASLtd

Market Cap: JP¥29.1b

Engages in the gas business in Japan.

K.P. Energy

Market Cap: ₹17.4b

Provides balance of plant solutions for wind energy sector in India.

Daesung Energy

Market Cap: ₩184.9b

Supplies natural gas primarily in South Korea.

Hokuriku GasLtd

Market Cap: JP¥20.8b

Operates gas business in Japan.

AB Kauno Energija

Market Cap: €88.2m

Together with its subsidiary UAB GO Energy LT, generates and supplies heat to consumers in the cities of Kaunas and Jurbarkas in Lithuania.

Afluente Transmissão de Energia Elétrica

Market Cap: R$472.5m

Afluente Transmissão de Energia Elétrica S.A.