Global Utilities Potentially Undervalued Companies

PG&E

Market Cap: €33.7b

Through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.

Central Puerto

Market Cap: US$4.0t

Engages in the electric power generation activities in Argentina.

Eneva

Market Cap: R$39.8b

Operates as an integrated power generation company in Brazil.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: US$98.0b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Interconexión Eléctrica E.S.P

Market Cap: US$28.1t

Engages in the electric power, roads, and ICT and telecommunications business activities.

PGE Polska Grupa Energetyczna

Market Cap: US$19.3b

Engages in the production and distribution of electricity and heat in Poland.

Naturgy Energy Group

Market Cap: US$25.7b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

REN - Redes Energéticas Nacionais SGPS

Market Cap: US$2.1b

Engages in the transmission of electricity and natural gas in Portugal.

Naturgy Energy Group

Market Cap: €25.7b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Pinnacle West Capital

Market Cap: US$10.5b

Through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona.

Naturgy Energy Group

Market Cap: €25.7b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Uniper

Market Cap: €14.2b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Exelon

Market Cap: US$44.3b

A utility services holding company, engages in the energy distribution and transmission businesses.

Central Puerto

Market Cap: AR$4.0t

Engages in the electric power generation activities in Argentina.

National Grid

Market Cap: US$56.3b

Engages in the transmission and distribution of electricity and gas.

Electric Power Development

Market Cap: €528.7b

Operates as electric utility company in Japan.

CEZ a. s

Market Cap: €689.8b

Engages in the generation, distribution, trade, and sale of electricity and heat in Western, Central, and Southeastern Europe.

Enagás

Market Cap: €3.6b

Engages in the transmission, storage, and regasification of natural gas.

Beijing Jingneng Clean Energy

Market Cap: €20.0b

Generates gas-fired power and heat energy, wind power, photovoltaic power, and hydropower in Mainland China and internationally.

Admie Holding

Market Cap: €665.2m

Operates, controls, maintains, and develops an electricity transmission system for the supply of electricity in Greece.

Hera

Market Cap: €5.9b

A multi-utility company, engages in the waste management, water services, and energy businesses in Italy.

Avista

Market Cap: €3.1b

Operates as an electric and natural gas utility company in the United States.

Southern

Market Cap: €96.2b

Through its subsidiaries, engages in the generation, transmission, and distribution of electricity.

National Grid

Market Cap: US$56.3b

Engages in the transmission and distribution of electricity and gas.

Skandia GreenPower

Market Cap: €203.9m

Engages in the provision of electricity and energy-saving services in Norway.

CGN Power

Market Cap: HK$201.1b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

Henan Yuneng HoldingsLtd

Market Cap: CN¥8.5b

Through its subsidiaries, invests in, develops, generates, and sells electricity in China.

Vinh Son - Song Hinh Hydropower

Market Cap: ₫10.3t

Provides electricity services in Vietnam.

H2O America

Market Cap: €1.7b

Through its subsidiaries, provides water utility and other related services in the United States.

AGL Energy

Market Cap: US$6.3b

Supplies energy and other essential services in Australia.

NLC India

Market Cap: ₹333.8b

Engages in the mining and power generation business in India.

Synergy Grid & Development Phils

Market Cap: ₱85.8b

Provides transmission services across Luzon, Visayas, and Mindanao, the Philippines.

Altern Energy

Market Cap: PK₨4.0b

Engages in the generation and supply of electricity in Pakistan.

Meridian Energy

Market Cap: AU$14.7b

Engages in the generation and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ139.0b

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

Xinjiang Xintai Natural Gas

Market Cap: CN¥11.6b

Xinjiang Xintai Natural Gas Co., Ltd., together with its subsidiaries, transmits, distributes, sells, and installs natural gas in China.