Global Utilities Strong Balance Sheet Stocks

Kenya Electricity Generating

Market Cap: KSh46.7b

Operates as an electric power generating company in Kenya.

Khulna Power

Market Cap: ৳4.1b

Operates as an independent power producer in Bangladesh.

Kurgan Generation

Market Cap: ₽4.6b

Public Joint Stock Company Kurgan Generation Company produces electricity and heat in Russia.

Federal Grid Company of Unified Energy System

Market Cap: ₽113.0b

Public Joint-Stock Company Federal Grid Company of Unified Energy System develops, operates, and manages the Unified National Electric Grid in Russia.

Territorial Generation Company No. 14

Market Cap: ₽3.4b

Public Joint Stock Company Territorial Generation Company No.

ALTEO Energy Services

Market Cap: Ft108.0b

Produces and sells electricity and heat in Hungary.

Copperbelt Energy

Market Cap: K34.1b

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

Citra Nusantara Gemilang

Market Cap: Rp164.7b

An energy company, engages in the trading and distribution of natural gas in the form of compressed natural gas to the industrial, retail, and transportation sectors in Indonesia.

BKW

Market Cap: CHF 9.4b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

ENEFI Vagyonkezelo Nyrt

Market Cap: Ft2.2b

ENEFI Vagyonkezelo Nyrt. operating in the energy sector.

Naturgy Chile Gas Natural

Market Cap: CL$938.4b

Engages in the distribution, supply, and transportation of natural gas in Chile and Argentina.

Jersey Electricity

Market Cap: UK£142.5m

Engages in the generation, transmission, distribution, and supply of electricity in Jersey.

LGI

Market Cap: AU$281.5m

Provides carbon abatement and renewable energy solutions with biogas from landfill.

Power Assets Holdings

Market Cap: HK$106.3b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

Ba Ria Thermal Power

Market Cap: ₫725.8b

Engages in the production and trading of electricity in Vietnam.

Zhejiang Zheneng Electric Power

Market Cap: CN¥68.8b

Zhejiang Zheneng Electric Power Co., Ltd.

Indraprastha Gas

Market Cap: ₹305.7b

Engages in the distribution and sale of natural gas in India.

IDICO Urban and House Development Investment

Market Cap: ₫316.0b

Provides electricity supply services in Vietnam.

Gas Malaysia Berhad

Market Cap: RM 5.6b

Sells, markets, and distributes natural gas to the industrial, commercial, and residential sectors in Malaysia.

Companhia CELG de Participações S/A

Market Cap: R$1.8b

Engages in the generation of electricity.

Umeme

Market Cap: USh673.9b

Engages in the distribution and supply of electricity in Uganda.

United Power Generation & Distribution

Market Cap: ৳71.6b

United Power Generation & Distribution Company Ltd.

New Sources Energy

Market Cap: €3.3m

Focuses on acquiring and developing renewable energy sources.

Électricite de Strasbourg Société Anonyme

Market Cap: €1.0b

Engages in the supply of electricity and natural gas to individuals, businesses, and local authorities in France.

PGE Polska Grupa Energetyczna

Market Cap: zł26.4b

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

First Gen

Market Cap: ₱65.2b

Through its subsidiaries, engages in the power generation business in the Philippines.

Nippon Gas

Market Cap: JP¥289.8b

Engages in the supply and sale of LP gas and natural gas in Japan.

Hsin Kao GasLtd

Market Cap: NT$4.2b

Hsin Kao Gas Co.,Ltd., along with its subsidiaries, engages in the transportation of natural gas for domestic and commercial use in Taiwan.

MPC Caribbean Clean Energy

Market Cap: JA$1.7b

Together with its subsidiary, focuses on investing in renewable energy projects in Jamaica, Trinidad and Tobago, and the Caribbean and Central American region.

China Renewable Energy Investment

Market Cap: HK$350.9m

An investment holding company, engages in the renewable energy business in the People’s Republic of China and Hong Kong.

China Resources Gas Group

Market Cap: HK$46.9b

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

Origin Energy

Market Cap: AU$20.2b

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.

Huzhou Gas

Market Cap: HK$1.1b

Engages in distributing piped natural gas and liquefied natural gas in the People’s Republic of China.

Tonking New Energy Group Holdings

Market Cap: HK$190.2m

An investment holding company, engages in the renewable energy business in the People’s Republic of China.

Lopez Holdings

Market Cap: ₱16.4b

Through its subsidiaries, engages in the power generation and distribution business in the Philippines.

Earth InfinityLtd

Market Cap: JP¥12.9b

Engages in the electricity and gas retail businesses in Japan.