The 100 largest electric utilities by retail revenue, 2025.
| # | Utility | State | Revenue | Customers |
|---|
| 1 | Adjustment 2025 | OH | $17.64B | 4,559,641 |
| 2 | Florida Power & Light Co | FL | $16.69B | 6,013,740 |
| 3 | Southern California Edison Co | CA | $13.05B | 3,735,576 |
| 4 | Constellation NewEnergy, Inc | MA | $12.76B | 1,541,139 |
| 5 | Virginia Electric & Power Co | VA | $11.27B | 2,809,577 |
| 6 | Georgia Power Co | GA | $11.10B | 2,833,530 |
| 7 | Pacific Gas & Electric Co. | CA | $8.78B | 2,008,682 |
| 8 | Duke Energy Carolinas, LLC | NC | $8.44B | 2,962,438 |
| 9 | Consolidated Edison Co-NY Inc | NY | $7.91B | 3,249,017 |
| 10 | TXU Energy Retail Co, LLC | TX | $7.61B | 1,867,539 |
| 11 | Alabama Power Co | AL | $7.14B | 1,557,733 |
| 12 | PacifiCorp | UT | $6.75B | 2,136,854 |
| 13 | Duke Energy Florida, LLC | FL | $6.42B | 2,037,985 |
| 14 | DTE Electric Company | MI | $6.06B | 2,290,492 |
| 15 | Direct Energy Business | TX | $5.99B | 90,248 |
| 16 | Reliant Energy Retail Services | TX | $5.57B | 1,646,366 |
| 17 | Consumers Energy Co - (MI) | MI | $5.41B | 1,900,985 |
| 18 | Duke Energy Progress - (NC) | NC | $5.40B | 1,782,155 |
| 19 | Commonwealth Edison Co | IL | $5.33B | 3,261,563 |
| 20 | Los Angeles Department of Water & Power | CA | $5.28B | 1,516,453 |
| 21 | Public Service Elec & Gas Co | NJ | $5.16B | 2,256,376 |
| 22 | Arizona Public Service Co | AZ | $5.08B | 1,433,294 |
| 23 | Entergy Louisiana LLC | LA | $5.05B | 1,113,665 |
| 24 | Long Island Power Authority | NY | $4.39B | 1,165,257 |
| 25 | Northern States Power Co - Minnesota | MN | $4.31B | 1,594,256 |
| 26 | Puerto Rico Electric Pwr Authority | PR | $4.23B | 1,516,976 |
| 27 | BP Energy Retail LLC | TX | $4.17B | 2,309 |
| 28 | Salt River Project | AZ | $4.07B | 1,188,189 |
| 29 | Calpine Energy Solutions, LLC | CA | $3.75B | 962 |
| 30 | Wisconsin Electric Power Co | WI | $3.60B | 1,179,163 |
| 31 | Public Service Co of Colorado | CO | $3.59B | 1,605,246 |
| 32 | Union Electric Co - (MO) | MO | $3.59B | 1,271,896 |
| 33 | Appalachian Power Co | VA | $3.55B | 968,592 |
| 34 | FirstEnergy Pennsylvania Electric Co | PA | $3.50B | 1,646,917 |
| 35 | ENGIE Resources LLC | TX | $3.48B | 33,556 |
| 36 | Puget Sound Energy Inc | WA | $3.46B | 1,251,330 |
| 37 | Duke Energy Indiana, LLC | IN | $3.25B | 921,804 |
| 38 | Tampa Electric Co | FL | $3.06B | 861,413 |
| 39 | Baltimore Gas & Electric Co | MD | $2.99B | 1,221,264 |
| 40 | Niagara Mohawk Power Corp. | NY | $2.98B | 1,582,394 |
| 41 | Oklahoma Gas & Electric Co | OK | $2.98B | 909,620 |
| 42 | Portland General Electric Co | OR | $2.93B | 954,954 |
| 43 | Dominion Energy South Carolina, Inc | SC | $2.89B | 824,270 |
| 44 | City of San Antonio - (TX) | TX | $2.87B | 986,641 |
| 45 | Connecticut Light & Power Co | CT | $2.81B | 1,072,114 |
| 46 | MidAmerican Energy Co | IA | $2.58B | 838,069 |
| 47 | PECO Energy Co | PA | $2.45B | 1,326,554 |
| 48 | Indiana Michigan Power Co | IN | $2.42B | 618,131 |
| 49 | Entergy Arkansas LLC | AR | $2.42B | 737,063 |
| 50 | Nevada Power Co | NV | $2.36B | 1,052,455 |
| 51 | Jersey Central Power & Lt Co | NJ | $2.22B | 1,050,339 |
| 52 | Hawaiian Electric Co Inc | HI | $2.14B | 310,559 |
| 53 | MP2 Energy LLC | TX | $2.11B | 16,148 |
| 54 | Potomac Electric Power Co | MD | $2.11B | 872,449 |
| 55 | Northern Indiana Pub Serv Co | IN | $2.09B | 496,542 |
| 56 | Entergy Texas Inc. | TX | $2.04B | 531,824 |
| 57 | PPL Electric Utilities Corp | PA | $1.98B | 934,737 |
| 58 | Kentucky Utilities Co | KY | $1.94B | 578,198 |
| 59 | New York State Elec & Gas Corp | NY | $1.92B | 840,507 |
| 60 | Public Service Co of Oklahoma | OK | $1.91B | 588,941 |
| 61 | AEP Energy | OH | $1.90B | 618,459 |
| 62 | Southwestern Public Service Co | TX | $1.89B | 411,159 |
| 63 | Sacramento Municipal Util Dist | CA | $1.84B | 675,491 |
| 64 | Southwestern Electric Power Co | LA | $1.83B | 556,313 |
| 65 | Interstate Power and Light Co | IA | $1.81B | 506,498 |
| 66 | Direct Energy Services | MA | $1.78B | 1,310,067 |
| 67 | AES Indiana | IN | $1.75B | 530,671 |
| 68 | Evergy Metro | MO | $1.67B | 590,440 |
| 69 | Entergy Mississippi LLC | MS | $1.67B | 458,925 |
| 70 | City of Memphis - (TN) | TN | $1.67B | 429,095 |
| 71 | Sunrun Inc. | CA | $1.64B | 796,359 |
| 72 | Nashville Electric Service | TN | $1.60B | 470,927 |
| 73 | Austin Energy | TX | $1.58B | 577,889 |
| 74 | Idaho Power Co | ID | $1.57B | 657,261 |
| 75 | JEA | FL | $1.57B | 540,950 |
| 76 | Wisconsin Power & Light Co | WI | $1.51B | 505,706 |
| 77 | Ameren Illinois Company | IL | $1.47B | 663,709 |
| 78 | Northern Virginia Elec Coop | VA | $1.47B | 184,104 |
| 79 | Ohio Power Co | OH | $1.45B | 594,848 |
| 80 | Omaha Public Power District | NE | $1.44B | 419,819 |
| 81 | Dynegy Energy Services, LLC | OH | $1.44B | 793,547 |
| 82 | Gexa Energy, LP | TX | $1.38B | 380,220 |
| 83 | Monongahela Power Co | WV | $1.36B | 397,362 |
| 84 | New York Power Authority | NY | $1.34B | 927 |
| 85 | Clean Power Alliance of Southern Califor | CA | $1.31B | 819,661 |
| 86 | Wisconsin Public Service Corp | WI | $1.30B | 472,199 |
| 87 | US Retailers, LLC | TX | $1.29B | 456,512 |
| 88 | Louisville Gas & Electric Co | KY | $1.26B | 441,267 |
| 89 | Delmarva Power | DE | $1.24B | 505,595 |
| 90 | Atlantic City Electric Co | NJ | $1.23B | 523,704 |
| 91 | Central Maine Power Co | ME | $1.22B | 592,687 |
| 92 | City of Seattle - (WA) | WA | $1.20B | 525,040 |
| 93 | Public Service Co of NM | NM | $1.19B | 556,585 |
| 94 | San Diego Community Power | CA | $1.18B | 939,547 |
| 95 | Evergy Kansas Central, Inc | KS | $1.17B | 399,379 |
| 96 | NextEra Energy Services, LLC | OH | $1.16B | 753,301 |
| 97 | San Diego Gas & Electric Co | CA | $1.16B | 317,732 |
| 98 | Tennessee Valley Authority | TN | $1.15B | 65 |
| 99 | Tucson Electric Power Co | AZ | $1.15B | 458,898 |
| 100 | Avista Corp | WA | $1.12B | 424,411 |
Source: EIA Form 861 2025. Retail revenue from sales to ultimate customers.