U.S. Utilities Potentially Undervalued Companies

China Longyuan Power Group

Market Cap: US$110.5b

Engages in new energy power generation in the Chinese Mainland, Canada, South Africa, and Ukraine.

Engie Brasil Energia

Market Cap: US$42.5b

Engages in the generation, commercialization, trading, and transmission activities in Brazil.

Central Puerto

Market Cap: US$3.6t

Engages in the electric power generation activities in Argentina.

AES

Market Cap: US$10.3b

Operates as a power generation and utility company.

ENN Energy Holdings

Market Cap: US$71.0b

An investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People’s Republic of China.

Enagás

Market Cap: US$4.5b

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

Interconexión Eléctrica E.S.P

Market Cap: US$33.2t

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

Centrica

Market Cap: US$9.5b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Korea Electric Power

Market Cap: US$28.5t

Engages in the generation, transmission, and distribution of electricity in South Korea and internationally.

CGN Power

Market Cap: US$208.2b

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

Tenaga Nasional Berhad

Market Cap: US$82.7b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Datang International Power Generation

Market Cap: US$69.6b

Engages in power generation business in the People’s Republic of China.

Origin Energy

Market Cap: US$21.3b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Polaris Renewable Energy

Market Cap: US$268.2m

Engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America and the Caribbean.

China Resources Power Holdings

Market Cap: US$104.6b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Tianjin Development Holdings

Market Cap: US$2.8b

Through its subsidiaries, supplies water, heat, thermal power, and electricity to industrial, commercial, and residential customers in the People’s Republic of China.

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener

Market Cap: US$1.5t

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A.

Carnegie Clean Energy

Market Cap: US$24.1m

Engages in the development of the CETO Wave Energy Technology, a submerged point absorber type wave energy converter which converts ocean waves into zero-emission electricity internationally.

China Resources Gas Group

Market Cap: US$44.1b

An investment holding company, engages in the sale of natural and liquefied gas and connection of gas pipelines.

Perusahaan Gas Negara

Market Cap: US$44.4t

Engages in the transmission and distribution of natural gas in Indonesia.

China Gas Holdings

Market Cap: US$39.8b

An investment holding company, operates as an energy supplier and service provider in the People’s Republic of China.

Neoenergia

Market Cap: US$40.7b

Generates, transmits, distributes, trades in, and commercializes electric energy in Brazil.

China Water Affairs Group

Market Cap: US$8.0b

An investment holding company, engages in the water supply, environmental protection, and property businesses in the People’s Republic of China.

Caribbean Utilities Company

Market Cap: US$581.4m

Engages in the electricity generation, transmission, distribution, and telecommunication in Grand Cayman.

Southern

Market Cap: US$108.1b

Through its subsidiaries, engages in the sale of electricity.

Edison International

Market Cap: US$27.9b

Through its subsidiaries, engages in the generation and distribution of electric power.

naturenergie holding

Market Cap: US$1.1b

Through its subsidiaries, engages in the production, distribution, and sale of electricity under the Naturenergie brand in Switzerland and internationally.

Admie Holding

Market Cap: US$755.6m

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

Origin Energy

Market Cap: US$21.3b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Enagás

Market Cap: US$4.5b

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

YTL Corporation Berhad

Market Cap: US$22.8b

Operates as an integrated infrastructure developer.

Centrica

Market Cap: US$9.5b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Beijing Enterprises Water Group

Market Cap: US$23.4b

An investment holding company, provides water treatment services.

China Longyuan Power Group

Market Cap: US$112.8b

Generates and sells wind, coal, and photovoltaic (PV) power in the Chinese Mainland, Canada, South Africa, and Ukraine.

GAIL (India)

Market Cap: US$1.0t

Operates as a natural gas processing and distribution company in India and internationally.

Huadian Power International

Market Cap: US$51.5b

Engages in the power generation, heat supply, coal sales, and other related businesses in the People’s Republic of China.