Sector
Utilities sector explained
Companies that generate electricity, carry it over power lines, or supply gas and water to homes and businesses. Some build new kinds of power plants, such as small nuclear reactors, or supply power to data centers.
Companies we cover
1 company in Utilities
Oklo
OKLOOklo plans to build and own small nuclear power plants and sell their electricity; it has built none, and had no revenue and a $105.7 million net loss in FY2025.
Discloses: SomeUpdated for Q2 FY2026 · checked
The companies side by side
Each figure is from the company's own page, for its latest full fiscal year unless a date is shown. Fiscal years end in different months, so the same label can cover different periods. Select a column heading to re-order the rows.
Net income per $100 of revenue: Cityfort calculation from each company's annual numbers (net income ÷ revenue × 100). Free cash flow: cash from operations minus capital spending, as on each company's page. Debt-to-equity: total debt ÷ shareholders' equity, as on each company's page for the balance-sheet date shown. Sources for every figure are on each company's page. US$, GAAP as reported.
How companies in this sector earn
How do Utilities companies make money?
- Regulated utilities charge customers rates that a state commission approves, which are meant to cover costs and allow a return on what the utility has invested.
- Power producers sell electricity on wholesale markets or under long contracts, called power purchase agreements, with buyers such as utilities and large companies.
- Some companies build and run power plants or sites for one large customer and charge for the power and capacity used.
- Building plants and power lines takes large sums up front, so borrowing and interest are major costs alongside fuel.
Who regulates it
Federal Energy Regulatory Commission (FERC), for wholesale power and transmission · State public utility commissions, which set the customer rates of many utilities · Nuclear Regulatory Commission (NRC), for nuclear plants and new reactor designs · Environmental Protection Agency (EPA), for emissions from power plants
What moves results across the sector
- Electricity demand, including from data centers, which the companies describe in their filings.
- Regulatory approvals: rate decisions, plant licenses and connections to the grid.
- Interest rates and borrowing, because plants and power lines are built largely with debt.
Words you'll meet
Key terms
- Power purchase agreement
- A long contract in which a buyer agrees to purchase electricity from a producer at set terms.
- Rate case
- A request by a regulated utility to its state commission to change the prices it charges customers.
- Capacity
- The most power a plant can produce at one time, usually stated in megawatts or gigawatts.
- Grid
- The network of power lines and equipment that carries electricity from plants to users.
Last updated Nov 6, 2026.
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