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Nextera Energy Inc 's Comment on Competitors and Industry Peers
Electricity markets in the U.S. are regional and diverse in character. All
are extensively regulated, and competition in these markets is shaped and constrained
by regulation. The nature of the products offered varies based on the specifics
of regulation in each region. Generally, in addition to the natural constraints
on pricing freedom presented by competition, NEER may also face specific constraints
in the form of price caps, or maximum allowed prices, for certain products.
NEER's ability to sell the output of its generation facilities is also constrained
by available transmission capacity, which can vary from time to time and can
have a significant impact on pricing.
The degree and nature of competition that NEER faces is different in wholesale
markets and in retail markets. Approximately 90% of NEER's revenue is derived
from wholesale markets.
Wholesale power generation is a capital-intensive, commodity-driven business
with numerous industry participants. NEER primarily competes on the basis of
price, but believes the green attributes of NEER's generating assets, its creditworthiness
and its ability to offer and manage customized risk solutions to wholesale customers
are competitive advantages. Wholesale power generation is a regional business
that is highly fragmented relative to many other commodity industries and diverse
in terms of industry structure. As such, there is a wide variation in terms
of the capabilities, resources, nature and identity of the companies NEER competes
with depending on the market. In wholesale markets, customers' needs are met
through a variety of means, including long-term bilateral contracts, standardized
bilateral products such as full requirements service and customized supply and
risk management services.
In general, U.S. electricity markets encompass three classes of product: energy,
capacity and ancillary services. Energy services relate to the physical delivery
of power; capacity services relate to the availability of MW capacity of a power
generation asset; and ancillary services are other services related to power
generation assets, such as load regulation and spinning and non-spinning reserves.
The exact nature of these classes of product is defined in part by regional
tariffs. Not all regions have a capacity product class, and the specific definitions
of ancillary services vary from region to region.
RTOs and ISOs exist in a number of regions within which NEER operates to coordinate
generation and transmission across wide geographic areas and to run markets.
NEER also has operations that fall within the Western Electricity Coordinating
Council reliability region that are not under the jurisdiction of an established
RTO or ISO. Although each RTO and ISO may have differing objectives and structures,
some benefits of these entities include regional planning, managing transmission
congestion, developing larger wholesale markets for energy and capacity, maintaining
reliability and facilitating competition among wholesale electricity providers.
NEER has operations that fall within the following RTOs and ISOs:
Alberta Electric System Operator
California Independent System Operator
ERCOT
Independent Electricity System Operator (in Ontario)
ISO New England (ISO-NE)
Midcontinent Independent System Operator, Inc. (MISO)
New York Independent System Operator (NYISO)
PJM
Southwest Power Pool
NEER competes in different regions to different degrees, but in general it
seeks to enter into long-term bilateral contracts for the full output of its
generating facilities, and, approximately 62% of NEER's generating capacity
is fully committed under long-term contracts. Where long-term contracts are
not in effect, NEER sells the output of its facilities into daily spot markets.
In such cases, NEER will frequently enter into shorter term bilateral contracts,
typically but not always of one to three years duration, to hedge the price
risk associated with selling into a daily spot market. Such bilateral contracts,
which may be hedges either for physical delivery or for financial (pricing)
offset, may only protect a portion of the revenue that NEER expects to derive
from the associated generation facility and may not qualify for hedge accounting
under GAAP.
Overall company Market Share Q1 2023 |
Due to outstanding performance in Overall company, revenue grew by 132.39 % Nextera Energy Inc improved its market share, to approximately 3.46 %.
<< More on NEE Market Share.
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*Market share is calculated based on total revenue.
Who are Nextera Energy Inc 's Competitors?
American Electric Power Co Inc
Share Performance
-20.59%
One Year
|
American Electric Power Co Inc
Profile
It is a registered public utility holding company under PUHCA that owns, directly
or indirectly, all of the outstanding common stock of its public utility subsidiaries
and varying percentages of other subsidiaries.
The service areas of AEP's public utility subsidiaries cover portions of the states
of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee,
Texas, Virginia and West Virginia. The generating and transmission facilities
of AEP's public utility subsidiaries are interconnected, and their operations
are coordinated, as a single integrated electric utility system.
More about American Electric Power Co Inc 's Market Share
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The Aes Corporation
Share Performance
-11.41%
One Year
|
The Aes Corporation
Profile
AES is a holding company that, through its subsidiaries operates in four segments
of the electricity industry: contract generation, competitive supply, large utilities
and growth distribution. The Company's generating assets include interests in
114 facilities in 24 countries totaling over 38 gigawatts of capacity. AES's electricity
distribution networks sell approximately 86,500 gigawatt hours per year.
More about The Aes Corporation's Market Share
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Berkshire Hathaway Inc
Share Performance
0.00%
Over The Past 5 Days
|
Berkshire Hathaway Inc
Profile
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a
number of diverse business activities. The most important of these are insurance
businesses conducted on both a primary basis and a reinsurance basis. Berkshire
also owns and operates a large number of other businesses engaged in a variety
of activities, as identified herein. Berkshire is domiciled in the state of Delaware,
and its corporate headquarters is located in Omaha, Nebraska.
More about Berkshire Hathaway Inc's Market Share
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Constellation Energy Corporation
Share Performance
+2.37%
This Year
|
Constellation Energy Corporation
Profile
Constellation Energy is a North American energy company which includes a merchant
energy business and BGE, its regulated electric and gas public utility in central
Maryland. Our merchant energy business is a competitive provider of energy solutions
for large customers in North America. It has electric generation assets located
in various regions of the United States and provides energy solutions to meet
customers' needs. Our merchant energy business focuses on serving the full energy
and capacity requirements (load-serving) of, and providing other energy risk management
services for various customers, such as utilities, municipalities, cooperatives,
retail aggregators, and commercial and industrial customers.
More about Constellation Energy Corporation's Market Share
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Centerpoint Energy Inc
Share Performance
-6.62%
30 Days
|
Centerpoint Energy Inc
Profile
CenterPoint Houston is a member of ERCOT. ERCOT is a network of retail customers,
investor and municipally owned electric utilities, rural electric co-operatives,
river authorities, independent generators, power marketers and retail electric
providers, which serves as the regional reliability coordinating council for member
electric power systems in Texas. Texas Genco sells electric generation capacity,
energy and ancillary services in the ERCOT market. The ERCOT market includes much
of the State of Texas, other than a portion of the panhandle, a portion of the
eastern part of the state bordering on Louisiana and the area in and around El
Paso. The ERCOT market represents approximately 85% of the demand for power in
Texas and is one of the nation's largest power markets. The ERCOT market includes
an aggregate net generating capacity of approximately 78,000 MW, approximately
14,000 MW of which are owned by Texas Genco. There are only limited direct current
interconnections between the ERCOT market and other power markets in the United
States.
More about Centerpoint Energy Inc 's Market Share
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Dominion Energy Inc
Share Performance
-13.60%
This Quarter
|
Dominion Energy Inc
Profile
Dominion Resources, Inc. is a fully integrated gas and electric holding company
headquartered in Richmond, Virginia. Incorporated in Virginia in 1983, Dominion
is a registered public utility holding company under the Public Utility Holding
Company Act of 1935 (the 1935 Act).
Sales of electricity in the Dominion Delivery and Dominion Generation segments
typically vary seasonally based on increased demand for electricity by residential
and commercial customers for cooling and heating use based on changes in temperature.
The same is true for gas sales based on heating needs. Dominion Energy’s business
is also impacted by seasonal changes in the prices of commodities, primarily
electricity and natural gas, that it actively markets and trades. For Dominion
Exploration & Production, natural gas and oil prices can vary seasonally
as well.
More about Dominion Energy Inc 's Market Share
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Dte Energy Co
Share Performance
-5.58%
This Quarter
|
Dte Energy Co
Profile
In 1995, DTE Energy incorporated in the state of Michigan. Our regulated operations
consist primarily of Detroit Edison and MichCon. We also have numerous non-regulated
subsidiaries engaged in energy marketing and trading, energy services, and various
other electricity, coal and gas related businesses. DTE Energy is an exempt holding
company under the Public Utility Holding Company Act (PUHCA) of 1935.
More about Dte Energy Co's Market Share
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Consolidated Edison Inc
Share Performance
-3.21%
This Year
|
Consolidated Edison Inc
Profile
Consolidated Edison, Inc. (Con Edison), incorporated in New York State in 1997,
owns all of the outstanding common stock of Consolidated Edison Company of New
York, Inc. (Con Edison of New York) and Orange and Rockland Utilities, Inc. (O&R).
Con Edison of New York and O&R, which are regulated utilities. Con Edison
has no significant business operations other than those of the Utilities and Con
Edison's unregulated subsidiaries.
Con Edison's principal business segments are Con Edison of New York's regulated
electric, gas and steam utility segments, O&R's regulated electric and gas
utility segments and the unregulated businesses of Con Edison's other subsidiaries.
More about Consolidated Edison Inc 's Market Share
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Eversource Energy
Share Performance
-26.38%
One Year
|
Eversource Energy
Profile
NU, headquartered in Berlin, Connecticut, is a public utility holding company
registered with the Federal Energy Regulatory Commission (FERC) under the Public
Utility Holding Company Act of 2005. We are engaged primarily in the energy delivery
business through the wholly-owned regulated utility subsidiaries
More about Eversource Energy's Market Share
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Firstenergy Corp
Share Performance
-9.76%
30 Days
|
Firstenergy Corp
Profile
FirstEnergy Corp. was organized under the laws of the State of Ohio in 1996. FirstEnergy's
principal business is the holding, directly or indirectly, of all of the outstanding
common stock of its principal electric utility operating subsidiaries, Ohio Edison
Company (OE), The Cleveland Electric Illuminating Company (CEI), Pennsylvania
Power Company (Penn), The Toledo Edison Company (TE), American Transmission Systems,
Incorporated (ATSI), Jersey Central Power & Light Company (JCP&L), Metropolitan
Edison Company (Met-Ed) and Pennsylvania Electric Company (Penelec).
FirstEnergy Corp. is a registered public utility holding company headquartered
in Akron, Ohio that provides regulated and competitive energy services. Our
vision is to become the leading retail energy and related services provider
in the northeast and mid-Atlantic region of the United States. Our eight electric
utility operating companies (EUOC) comprise the nation's fifth largest investor-owned
electric system, serving 4.4 million customers within 36,100 square miles of
Ohio, Pennsylvania and New Jersey.
More about Firstenergy Corp 's Market Share
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Kinder Morgan Inc
Share Performance
-9.99%
This Year
|
Kinder Morgan Inc
Profile
We are one of the largest energy storage and transportation companies in the United
States, operating, either for ourselves or on behalf of Kinder Morgan Energy Partners,
L.P. ("Kinder Morgan Energy Partners"), over 35,000 miles of natural
gas and petroleum products pipelines and approximately 80 terminals. We own and
operate (i) Natural Gas Pipeline Company of America, a major interstate natural
gas pipeline system with approximately 9,900 miles of pipelines and associated
storage facilities and (ii) TransColorado Gas Transmission Company, a 300-mile
interstate natural gas pipeline in western Colorado and northwest New Mexico.
We own interests in and operate a retail natural gas distribution business serving
approximately 241,000 customers in Colorado, Nebraska and Wyoming. We have constructed,
currently operate and own interests in certain natural gas-fired electric generation
facilities.
More about Kinder Morgan Inc 's Market Share
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Nu Holdings Ltd
Share Performance
+90.73%
This Year
|
Nu Holdings Ltd
Profile
NU, headquartered in Berlin, Connecticut, is a public utility holding company
registered with the Federal Energy Regulatory Commission (FERC) under the Public
Utility Holding Company Act of 2005. We are engaged primarily in the energy delivery
business through the wholly-owned regulated utility subsidiaries
More about Nu Holdings Ltd 's Market Share
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Oneok Inc
Share Performance
-10.38%
This Year
|
Oneok Inc
Profile
We are a diversified energy company and successor to the company founded in 1906
known as Oklahoma Natural Gas Company. Our common stock is listed on the NYSE
under the trading symbol “OKE.” ONEOK Partners is a leader in the
gathering, processing, storage and transportation of natural gas in the United
States. We are the largest natural gas distributor in Oklahoma and Kansas and
the third largest natural gas distributor in Texas, providing service as a regulated
public utility to wholesale and retail customers.
More about Oneok Inc 's Market Share
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Pg and e Corp
Share Performance
+5.36%
This Year
|
Pg and e Corp
Profile
PG&E Corporation, incorporated in California in 1995, is an energy-based holding
company that conducts its business principally through Pacific Gas and Electric
Company, or the Utility, a public utility operating in northern and central California.
The Utility engages primarily in the businesses of electricity and natural gas
distribution, electricity generation, electricity transmission, and natural gas
transportation and storage. PG&E Corporation became the holding company of
the Utility and its subsidiaries on January 1, 1997. The Utility, incorporated
in California in 1905, is the predecessor of PG&E Corporation. PG&E Corporation
also currently owns National Energy & Gas Transmission, Inc., or NEGT, formerly
known as PG&E National Energy Group, Inc., which engages in electricity generation
and natural gas transportation in the United States, or U.S.
More about Pg and e Corp's Market Share
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Pinnacle West Capital Corporation
Share Performance
-0.93%
Over The Past 5 Days
|
Pinnacle West Capital Corporation
Profile
We were incorporated in 1985 under the laws of the State of Arizona and own all
of the outstanding equity securities of APS, our major subsidiary. APS is a vertically-integrated
electric utility that provides either retail or wholesale electric service to
substantially all of the state of Arizona, with the major exceptions of the Tucson
metropolitan area and about one-half of the Phoenix metropolitan area. Through
its marketing and trading division, APS also generates, sells and delivers electricity
to wholesale customers in the western United States.
Our other significant subsidiaries are Pinnacle West Energy, which owns and
operates generating plants; APS Energy Services, which provides competitive
energy services and products in the western United States; and SunCor, which
is engaged in real estate development activities.
More about Pinnacle West Capital Corporation's Market Share
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Ppl Corporation
Share Performance
-14.33%
One Year
|
Ppl Corporation
Profile
PPL Corporation is an energy and utility holding company that was incorporated
in 1994. Through its subsidiaries, PPL generates electricity in power plants in
the northeastern and western U.S.; markets wholesale or retail energy primarily
in the northeastern and western portions of the U.S.; delivers electricity to
nearly five million customers in Pennsylvania, the U.K. and Latin America; and
provides energy services for businesses in the mid-Atlantic and northeastern U.S.
More about Ppl Corporation's Market Share
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Sprague Resources Lp
Share Performance
+45.67%
This Year
|
Sprague Resources Lp
Profile
We are a Delaware limited partnership formed in June 2011 by Sprague Holdings
and our General Partner to engage in the purchase, storage, distribution and
sale of refined products and natural gas, and to provide storage and handling
services for a broad range of materials.
We are one of the largest independent wholesale distributors of refined products
in the Northeast United States based on aggregate terminal capacity. We own,
operate and/or control a network of 19 refined products and materials handling
terminals strategically located throughout the Northeast United States and in
Quebec, Canada that have a combined storage capacity of 14.1 million barrels
for refined products and other liquid materials, as well as 2.0 million square
feet of materials handling capacity. We also have an aggregate of 2.1 million
barrels of additional storage capacity attributable to 48 storage tanks not
currently in service. These tanks are not necessary for the operation of our
business at current levels. In the event that such additional capacity were
desired, additional time and capital would be required to bring any of such
storage tanks into service. Furthermore, we have access to approximately 60
third-party terminals in the Northeast United States through which we sell or
distribute refined products pursuant to rack, exchange and throughput agreements.
More about Sprague Resources Lp's Market Share
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Xcel Energy Inc
Share Performance
-7.69%
30 Days
|
Xcel Energy Inc
Profile
Xcel Energy Inc. (Xcel Energy), a Minnesota corporation, is a registered holding
company under the Public Utility Holding Company Act of 1935 (PUHCA). In 2003,
Xcel Energy directly owned five utility subsidiaries that serve electric and natural
gas customers in 11 states. These utility subsidiaries are Northern States Power
Co., a Minnesota corporation (NSP-Minnesota); Northern States Power Co., a Wisconsin
corporation (NSP-Wisconsin); Public Service Company of Colorado (PSCo); Southwestern
Public Service Co. (SPS); and Cheyenne Light, Fuel and Power Co. (Cheyenne). These
utilities serve customers in portions of Colorado, Kansas, Michigan, Minnesota,
New Mexico, North Dakota, Oklahoma, South Dakota, Texas, Wisconsin and Wyoming.
Along with WestGas InterState Inc. (WGI), an interstate natural gas pipeline,
these companies comprise our continuing regulated utility operations. In January
2003, Xcel Energy sold Viking Gas Transmission Co. (Viking), an interstate natural
gas pipeline company.
More about Xcel Energy Inc's Market Share
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Edison International
Share Performance
-6.32%
One Year
|
Edison International
Profile
Edison International was incorporated on April 20, 1987, under the laws of the
State of California for the purpose of becoming the parent holding company of
SCE, a California public utility corporation, and of other subsidiaries engaged
in nonutility businesses (Nonutility Companies). SCE comprises the largest portion
of the assets and revenue of Edison International. The principal Nonutility Companies
are: EME, which is engaged in owning or leasing and operating electric power generation
facilities worldwide and in energy trading and price risk management activities;
MEHC, which holds the common stock of EME; and Edison Capital, which has investments
in energy and infrastructure projects worldwide and in affordable housing projects
located throughout the United States.
More about Edison International's Market Share
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Empire Petroleum Corporation
Share Performance
-27.14%
This Quarter
|
Empire Petroleum Corporation
Profile
We are an energy company originally founded in 1928 in El Paso, Texas. For many
years, we served as a regional pipeline company conducting business mainly in
the western United States. Since 1996, we have grown into an international energy
company whose operations extend from natural gas production and extraction to
power generation. Our growth during this period has been accomplished through
several significant acquisitions and internal growth initiatives, each of which
has expanded our competitive abilities in energy markets in the United States
and abroad.
More about Empire Petroleum Corporation's Market Share
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Entergy Corporation
Share Performance
-3.73%
Over The Past 5 Days
|
Entergy Corporation
Profile
Entergy Corporation is an integrated energy company engaged primarily in electric
power production, retail electric distribution operations, energy marketing and
trading, and gas transportation. Entergy owns and operates power plants with approximately
30,000 MW of electric generating capacity, and it is the second-largest nuclear
power generator in the United States. Entergy delivers electricity to 2.6 million
utility customers in Arkansas, Louisiana, Mississippi, and Texas. Through Entergy-Koch,
Entergy is a leading provider of wholesale energy marketing and trading services,
as well as an operator of natural gas pipeline and storage facilities.
More about Entergy Corporation's Market Share
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Exelon Corporation
Share Performance
-8.73%
This Year
|
Exelon Corporation
Profile
Exelon Corporation (Exelon), a registered public utility holding company, through
its subsidiaries, operates in three business segments – Energy Delivery, Generation
and Enterprises. In addition to Exelon’s three business segments, Exelon Business
Services Company (BSC), a subsidiary of Exelon, provides Exelon and its subsidiaries
with financial, human resource, legal, information technology, supply management
and corporate governance services.
More about Exelon Corporation's Market Share
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Nrg Energy Inc
Share Performance
-26.93%
One Year
|
Nrg Energy Inc
Profile
NRG Energy, Inc., or NRG or the Company, is primarily a wholesale power generation
company with a significant presence in major competitive power markets in the
U.S., as well as a major retail electricity franchise in the Electric Reliability
Council of Texas, or ERCOT, market. NRG is engaged in the ownership, development,
construction and operation of power generation facilities, the transacting in
and trading of fuel and transportation services, the trading of energy, capacity
and related products in the U.S. and select international markets, and the supply
of electricity and energy services to retail electricity customers in the Texas
market.
More about Nrg Energy Inc's Market Share
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Public Service Enterprise Group Incorporated
Share Performance
-3.26%
Over The Past 5 Days
|
Public Service Enterprise Group Incorporated
Profile
PSEG was incorporated under the laws of the State of New Jersey in 1985 and has
its principal executive offices located at 80 Park Plaza, Newark, New Jersey 07102.
PSEG is an exempt public utility holding company under the Public Utility Holding
Company Act of 1935 (PUHCA).
PSEG has four principal direct wholly-owned subsidiaries: PSE&G, Power,
Energy Holdings and PSEG Services Corporation (Services). The following organization
chart shows PSEG and its principal subsidiaries, as well as the principal operating
subsidiaries of Power: PSEG Fossil LLC (Fossil), PSEG Nuclear LLC (Nuclear)
and PSEG Energy Resources & Trade LLC (ER&T); and of Energy Holdings:
PSEG Global LLC (Global) and PSEG Resources LLC (Resources).
More about Public Service Enterprise Group Incorporated's Market Share
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The Southern Company
Share Performance
-2.72%
Over The Past 5 Days
|
The Southern Company
Profile
Southern Company was incorporated under the laws of Delaware on November 9, 1945.
Southern Company is domesticated under the laws of Georgia and is qualified to
do business as a foreign corporation under the laws of Alabama.
Southern Company owns all the outstanding common stock of Alabama Power, Georgia
Power, Gulf Power, Mississippi Power and Savannah Electric, each of which is an
operating public utility company. The retail operating companies supply electric
service in the states of Alabama, Georgia, Florida, Mississippi and Georgia,
respectively.
More about The Southern Company's Market Share
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Sempra Energy
Share Performance
-13.68%
One Year
|
Sempra Energy
Profile
Sempra Energy is a Fortune 500 energy services holding company. Its business units
provide a wide spectrum of value-added electric and natural gas products and services
to a diverse range of customers. The company has four separately managed reportable
segments comprised of Southern California Gas Company (SoCalGas), San Diego Gas
& Electric Company (SDG&E), Sempra Commodities and Sempra Generation.
SoCalGas and SDG&E are collectively referred to as "the California Utilities."
More about Sempra Energy's Market Share
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Sitio Royalties Corp
Share Performance
+3.62%
30 Days
|
Sitio Royalties Corp
Profile
We are a leading provider of electronic data storage products. Our principal
products are hard disk drives, commonly referred to as disk drives, hard drives
or HDDs. Hard disk drives are devices that store digitally encoded data on rapidly
rotating disks with magnetic surfaces. Disk drives continue to be the primary
medium of mass data storage due to their performance attributes, high quality
and cost effectiveness.
We produce a broad range of electronic data storage products including HDDs,
solid state hybrid drives (SSHD) and solid state drives (SSD), which address
enterprise applications, where our products are designed for enterprise servers,
mainframes and workstations; client compute applications, where our products
are designed for desktop and notebook computers; and client non-compute applications,
where our products are designed for a wide variety of end user devices such
as digital video recorders (DVRs), gaming consoles, personal data backup systems,
portable external storage systems and digital media systems. In addition to
manufacturing and selling data storage products, we provide data storage services
for small to medium-sized businesses, including online backup, data protection
and recovery solutions.
More about Sitio Royalties Corp 's Market Share
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Williams companies inc
Share Performance
-23.25%
One Year
|
Williams companies inc
Profile
We are a natural gas company originally incorporated under the laws of the state
of Nevada in 1949 and reincorporated under the laws of the state of Delaware in
1987. We were founded in 1908 when two Williams brothers began a construction
company in Fort Smith, Arkansas.
Today, we primarily find, produce, gather, process and transport natural gas.
Our operations stretch across the country and serve the Northwest, California,
Rocky Mountains, Gulf Coast and Eastern Seaboard markets.
More about Williams companies inc 's Market Share
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