Top 10 utility CEOs
Providing power to households across the globe, the utility industry is a lucrative market to be in. CSO magazine takes an in-depth look at the world’s top utility companies by market value, according to Investopedia, and the CEOs leading them.
10 | Exelon – Christopher Crane
Headed up by President and Chief Executive Officer Christopher Crane, Chicago-based Exelon touts itself as ‘America’s leading competitive energy provider’, doing business in 48 states as well as the District of Columbia and Canada. In 2015, Crane was named among the 100 most powerful Chicagoans in the city and today, he oversees a family of companies including Exelon Generation, one of the largest competitive US power generators, Constellation, which provides energy products and services to around 2mn customers and Exelon’s six utilities.
9 | Southern Company - Thomas Fanning
Headquartered in Atlanta, Georgia, the Southern Company brings electricity and gas to 9mn customers every day, making it the second-largest utility company in the US in terms of customer base. With more than 35 years of experience in total at the firm, Thomas Fanning has been Chairman, President and CEO of the business since 2010, overseeing a 32,000-strong team. Fanning also serves as chair of the Federal Reserve Bank of Atlanta.
8 | Iberdrola - Jose Ignacio Sanchez Galan
Hailing from Bilbao in Basque Country, Spain, Iberdrola is an international energy leader that produces and supplies electricity to more than 100mn people. Led by Chairman and CEO, Jose Ignacio Sanchez Galan, the firm owns subsidiaries such as Scottish Power, Avangrid and Neoenergia, amongst others. The company recently unveiled plans to invest €13bn in its renewable energy business by 2022.
7 | Dominion Energy - Thomas Farrell
Dominion Energy, commonly dubbed Dominion, is one of the largest producers and transporters of energy in the US. Boasting the 4th largest solar fleet in the country, more than 85% of the firm’s current energy generation comes from clean energy sources or natural gas. Thomas Farrell first joined the company in 2004, and now he’s the firm’s chairman, president and CEO. In 2018, Dominion Energy contributed more than $30 million in 2018 to community causes throughout its footprint and beyond.
6 | Enel - Francesco Starace
Under the guidance of CEO and General Manager, Francesco Starace, Enel Group has gone from strength to strength. During his tenure, Starace has helped to oversee the initial public offering (IPO) of the Italian energy company and its listing on the Milan and Madrid Stock Exchanges, with a market capitalisation of €8bn. Enel’s operations span 34 countries across five continents, and it has almost 73mn end-users around the world.
5 | EDF - Jean-Bernard Lévy
Électricité de France SA, commonly known as EDF, is a French state-owned energy firm led Simone Rossi. In 2017, he was appointed as Chief Executive Officer of EDF Energy and he is also a member of the Executive Committee of EDF Group. A worldwide brand, EDF is present in countries including France, Belgium, the United States, Poland, Italy, China, Vietnam among others.
4 | NextEra Energy Inc. - James Robo
A pioneering investment company, NextEra Energy Inc. is a Fortune 200 firm located in Juno Beach, Florida. The US firm claims to be one of America’s largest capital investors in infrastructure, with plans to invest $40bn by 2020. Guided by Chairman and CEO, James Robo, the firm owns two electric companies in Florida, Florida Power & Light Company and Gulf Power Company, as well as a competitive energy business called NextEra Energy Resource.
3 | National Grid - John Pettigrew
London-based National Grid PLC is a multinational electricity and gas utility company which, as of June 2018, had around 25,000 employees, $20bn in revenue and a $37.99bn market capitalisation. John Pettigrew joined the firm as a graduate nearly 26 years ago and today he stands as the firm’s Chief Executive. In July 2019, National Grid completed its $100mn acquisition Geronimo Energy, a leading wind and solar developer in North America.
2 | Engie - Isabelle Kocher
Reporting turnover of €60.6bn in 2018, Engie has earned its stripes for its low-carbon energy and services. French businesswoman Isabelle Kocher joined the group in 2002 and she now stands as the firm’s CEO. Kocher is the only female CEO of a CAC40 company, and also one of the youngest. Her long-term goal is to make Engie a leader in the energy revolution.
1 | Duke Energy – Lyn Good
With an impressive market capitalisation of around $64bn, Duke Energy is one of the largest electric power holding companies in the US, providing electricity to around 7.7mn retail customers in six states. The firm is headed up by chairman, president and CEO, Lyn Good, who Fortune Magazine named as the 11th ‘Most Powerful Women in Business’. “Under her leadership, Duke Energy has intensified its focus on serving its customers and communities well today while leading the way to a cleaner, smarter energy future,” the company’s website says.