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How each company in a group stands on five things from the filings, then what each says about a topic in its latest 10-K, side by side, and how often it came up compared with the year before.

Utilities: where each company stands, in one shape

How the shape is drawn →

Five things from the filings, each ranked against all 532 companies we cover: sales growth, net margin, debt, the six accounting checks, and insider and superinvestor buying. The fuller the shape, the higher its reported figures rank. Relative position, not a buy score or advice.

All 31 companies in Utilities
D Dominion Energy GrowthProfitBalanceCleanInsiders Sales +17%Margin 17%Checks 0 flagged DTE DTE Energy GrowthProfitBalanceCleanInsiders Sales +27%Margin 7.7%Checks 0 flagged FE FirstEnergy GrowthProfitBalanceCleanInsiders Sales +12%Margin 6.9%Checks 0 flagged XEL Xcel Energy GrowthProfitBalanceCleanInsiders Sales +9%Margin 18%Checks 0 flagged ES Eversource Energy GrowthProfitBalanceCleanInsiders Sales +14%Margin 10%Checks 0 flagged AES AES Corporation GrowthProfitBalanceCleanInsiders Sales -0%Margin 13%Checks 4 flagged SRE Sempra GrowthProfitBalanceCleanInsiders Sales +4%Margin 15%Checks 1 flagged ETR Entergy GrowthProfitBalanceCleanInsiders Sales +9%Margin 13%Checks 0 flagged PEG Public Service Enterprise Group GrowthProfitBalanceCleanInsiders Sales +18%Margin 16%Checks 0 flagged CNP CenterPoint Energy GrowthProfitBalanceCleanInsiders Sales +8%Margin 11%Checks 0 flagged PPL PPL Corporation GrowthProfitBalanceCleanInsiders Sales +9%Margin 13%Checks 0 flagged CMS CMS Energy GrowthProfitBalanceCleanInsiders Sales +14%Margin 12%Checks 0 flagged AEE Ameren GrowthProfitBalanceCleanInsiders Sales +15%Margin 18%Checks 1 flagged NI NiSource GrowthProfitBalanceCleanInsiders Sales +23%Margin 14%Checks 1 flagged EVRG Evergy GrowthProfitBalanceCleanInsiders Sales +2%Margin 15%Checks 0 flagged PNW Pinnacle West Capital GrowthProfitBalanceCleanInsiders Sales +4%Margin 12%Checks 0 flagged AWK American Water Works GrowthProfitBalanceCleanInsiders Sales +10%Margin 21%Checks 0 flagged ATO Atmos Energy GrowthProfitBalanceCleanInsiders Sales +13%Margin 28%Checks 0 flagged LNT Alliant Energy GrowthProfitBalanceCleanInsiders Sales +10%Margin 19%Checks 0 flagged

What they say about one topic

AI: paragraphs that mention it

bar = this year · line = last year
DUK 14 vs 2 AES 12 vs 6 CNP 12 vs 9 NRG 11 vs 11 AEP 10 vs 2 WEC 9 vs 5 PPL 8 vs 5 CEG 7 vs 2 ETR 7 vs 6 FE 7 vs 1 NEE 7 vs 2 PNW 7 vs 4 VST 7 vs 6 EVRG 6 vs 5 PEG 6 vs 5 SRE 6 vs 2 AEE 5 vs 4 ES 5 vs 1 NI 5 vs 0 CMS 3 vs 2 D 3 vs 3 ED 2 vs 1 EXC 2 vs 2 PCG 2 vs 1 SO 2 vs 2 XEL 2 vs 3 DTE 1 vs 0 EIX 1 vs 1 LNT 1 vs 1 ATO 0 vs 0 AWK 0 vs 0

DUK Duke Energy CORP

14 paragraphs

… This year, we deployed a personal productivity generative AI tool to approximately 10,000 employees across the enterprise and we continue to assess and prioritize high-impact investment opportunities including the development of agentic AI tools.

Item 7, MD&A, 10-K 2026-02-26 ↗

… Furthermore, AI, including generative AI, may be used to facilitate or perpetrate these cybersecurity threats. Duke Energy’s use of generative AI (and use by their vendors and agents) may subject them to data privacy, legal, regulatory and security risks …

Item 1A, Risk Factors, 10-K 2026-02-26 ↗

AES AES CORP

12 paragraphs

In 2025, AES furthered its partnership with the AI Fund to combine its power sector expertise with the fund's artificial intelligence capabilities, leveraging generative AI technology to address bottlenecks in the energy transition. At the same time, AES made significant advancements with Maximo, an AI-powered robot designed to enhance the speed, efficiency, and safety of solar installations.

10-K, 10-K 2026-03-02 ↗

Business Description - In 2024, AES formed a partnership with the AI Fund, an AI-focused venture studio, to co-develop AI-based businesses. In 2025, AES made its first equity investments in two co-built companies.

10-K, 10-K 2026-03-02 ↗

CNP CENTERPOINT ENERGY INC

12 paragraphs

We are using and exploring the further use of AI, including generative AI, and its ability to enhance the services we offer to the communities we serve. There are significant risks involved in developing and deploying AI, and ineffective or …

Item 1A, Risk Factors, 10-K 2026-02-19 ↗

• advances in AI and our success in timely adopting, developing and deploying AI;

Item 7, MD&A, 10-K 2026-02-19 ↗

NRG NRG ENERGY, INC.

11 paragraphs

The electricity industry is expected to experience a surge in demand driven primarily by new manufacturing, industrial and data center facilities (including to support the expected increase in demand for AI and generative AI (“GenAI”)). The U.S. Energy Information …

Item 1A, Risk Factors, 10-K 2026-02-24 ↗

• Operational and reputational risks related to the use of AI and the adherence to developing laws and regulations related to the use of AI;

Item 1A, Risk Factors, 10-K 2026-02-24 ↗

AEP AMERICAN ELECTRIC POWER CO INC

10 paragraphs

• Information technology failure, including failure of AI technology, that impairs AEP’s information technology infrastructure or disrupts normal business operations.

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

… Much of this demand is driven by interconnecting with and providing power to data centers and other large load customers to serve an increasingly digital economy and to support AI. The business and capital investment plans of AEP are focused …

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

WEC WEC ENERGY GROUP, INC.

9 paragraphs

We are using AI primarily through services provided by our third party vendors. In addition, we are exploring the use of AI, including generative AI, and its ability to enhance the services we offer. There are significant risks involved in …

Item 1A, Risk Factors, 10-K 2026-02-20 ↗

This concentration of business with a small number of customers in an industry based on emerging technologies, including AI and machine learning, presents several risks. We cannot predict the rate at which or the extent to which these emerging technologies …

Item 1A, Risk Factors, 10-K 2026-02-20 ↗

PPL PPL Corp

8 paragraphs

Artificial Intelligence (AI) is an evolving area of technology that has the potential to affect multiple aspects of our business operations, grid management, critical infrastructure management, customer interactions, cybersecurity posture, and decision support processes.

Item 1A, Risk Factors, 10-K 2026-02-20 ↗

• Utilizing artificial intelligence and other advanced technologies to inform decision making, optimize asset planning and maintenance and better manage supply and demand on the grid.

Item 7, MD&A, 10-K 2026-02-20 ↗

CEG Constellation Energy Corp

7 paragraphs

… Our implementation of generative AI to improve business and operational performance has led to the introduction of enhanced technologies that pose distinct governance and security risk management challenges. Continued implementation of advanced digital technologies, including generative AI and machine learning …

Item 1A, Risk Factors, 10-K 2026-02-24 ↗

The use of AI technologies in our operations presents risks that could adversely affect our business, financial condition, results of operations and reputation. AI systems, whether developed internally or used by our vendors, service providers or business partners, may produce …

Item 1A, Risk Factors, 10-K 2026-02-24 ↗

ETR ENTERGY CORP /DE/

7 paragraphs

being made primarily in connection with electric service agreements with a small number of customers representing significant new load to provide power for new data centers being constructed to support artificial intelligence and other technology capabilities. The Utility operating companies continue to explore similar opportunities and have engaged, and may continue to engage, in additional similar transactions in the future.

Item 1A, Risk Factors, 10-K 2026-02-19 ↗

… The recent dramatic expansion in anticipated demand from data center customers is largely based on emerging technologies, including artificial intelligence and machine learning. These technologies and their related business applications have developed rapidly in recent years and continue to evolve …

Item 1A, Risk Factors, 10-K 2026-02-19 ↗

FE FIRSTENERGY CORP

7 paragraphs

… FirstEnergy leverages opportunities to reduce costs - such as filling only critical positions, implementing our facility optimization plans, deploying advanced technology, including but not limited to artificial intelligence, and exploring other additional, sustainable opportunities, such as reducing contractor spend. There can …

Item 1A, Risk Factors, 10-K 2026-02-18 ↗

… Secretary of Energy directed FERC to conduct a rulemaking procedure to develop regulations that would speed interconnection to the transmission system of large loads, including “Artificial Intelligence” data centers and “hybrid” data center/electric generation facilities. The Energy Secretary advanced …

Item 7, MD&A, 10-K 2026-02-18 ↗

NEE NEXTERA ENERGY INC

7 paragraphs

The productivity increases and competitive advantages NEE and FPL plan to achieve through the use of artificial intelligence (AI) technologies may not be realized and the use of and reliance on AI may present certain risks, both of which could materially adversely affect their business, financial condition, results of operations and prospects.

Item 1A, Risk Factors, 10-K 2026-02-13 ↗

NEE and FPL use AI technologies in various aspects of their operations, including, without limitation, financial analysis, strategic planning, field work intelligence, work scheduling, grid optimization, energy forecasting, customer service and operations management. The use of and reliance on AI …

Item 1A, Risk Factors, 10-K 2026-02-13 ↗

PNW PINNACLE WEST CAPITAL CORP

7 paragraphs

Artificial Intelligence. To address the rapid advancement of AI technology risks and opportunities, APS has developed an AI strategy to responsibly utilize AI to advance our business strategy, enhance customer and employee experiences, and optimize operational reliability. At the core …

Item 7, MD&A, 10-K 2026-02-25 ↗

… APS’s strategy, including the timing of such strategy, in adopting new technologies, such as artificial intelligence, could also adversely impact APS’s business. For example, if APS fails to strategically implement artificial intelligence, it could miss the opportunity for …

Item 1A, Risk Factors, 10-K 2026-02-25 ↗

VST Vistra Corp.

7 paragraphs

Multiple demand drivers such as emergence of large load data centers, including in response to transformations in technologies like artificial intelligence (AI) and electrification of oil field operations (specifically in the Permian Basin of west Texas), have accelerated, and are …

Item 1A, Risk Factors, 10-K 2026-02-27 ↗

… To grow and remain competitive, we will need to adapt to changes in available technology like generative AI, continually invest in our assets, increase generation capacity, increase our use of low-carbon technologies, enhance our existing offerings, and introduce new …

Item 1A, Risk Factors, 10-K 2026-02-27 ↗

EVRG Evergy, Inc.

6 paragraphs

Artificial intelligence (AI) is an emerging area of technology that has the potential to impact various aspects of the Evergy Companies' business operations and customer interactions.

Item 1A, Risk Factors, 10-K 2026-02-19 ↗

Generative AI technologies are still in their early stages of development and deployment. Ineffective or inadequate AI development or deployment practices by Evergy, its subsidiaries or third-party vendors could result in unintended consequences. While the Evergy Companies seek contractual …

Item 1A, Risk Factors, 10-K 2026-02-19 ↗

PEG PUBLIC SERVICE ENTERPRISE GROUP INC

6 paragraphs

AI, including Generative AI and Post-Quantum Cryptography, has the potential to change the way we operate by creating efficiencies and improving processes and customer experiences. The development, adoption, and use for generative AI technologies are still in their early …

Item 1A, Risk Factors, 10-K 2026-02-26 ↗

Artificial Intelligence is an emerging area of technology that has the potential to impact various aspects of our business operations and customer interactions.

Item 1A, Risk Factors, 10-K 2026-02-26 ↗

SRE SEMPRA

6 paragraphs

▪ We face evolving cybersecurity, technology resiliency and data security and governance risks, including with respect to increasing use of artificial intelligence

Item 1A, Risk Factors, 10-K 2026-02-26 ↗

We face evolving cybersecurity, technology resiliency and data security and governance risks, including with respect to increasing use of artificial intelligence.

Item 1A, Risk Factors, 10-K 2026-02-26 ↗

AEE AMEREN CORP

5 paragraphs

• failure to keep pace with and the ability to adapt to rapid technological change, including generative and agentic artificial intelligence; and

Item 1A, Risk Factors, 10-K 2026-02-18 ↗

… In addition, volatility in stock prices of perceived significant energy consumers, such as technology companies involved with artificial intelligence or cryptocurrency, or other significant developments with such companies, could cause increased volatility in stock prices of energy utility companies such …

Item 1A, Risk Factors, 10-K 2026-02-18 ↗

ES EVERSOURCE ENERGY

5 paragraphs

We are increasingly integrating artificial intelligence (AI) into our operations, and while these technologies offer operational benefits, they also introduce significant risks that could adversely impact our business and results of operations.

Item 1A, Risk Factors, 10-K 2026-02-17 ↗

We deploy AI tools and models in areas such as weather forecasting, grid planning, asset management, customer service and internal support functions. This deployment is overseen by an internal governance and oversight committee, which has established policies and procedures and …

Item 1A, Risk Factors, 10-K 2026-02-17 ↗

NI NISOURCE INC.

5 paragraphs

… The concentration of business with a small number of customers in an industry based on emerging technologies, including artificial intelligence and machine learning, presents several risks for us. Our data center customers’ technologies and their related business applications have developed …

Item 1A, Risk Factors, 10-K 2026-02-11 ↗

connection with constructing their data centers, (iii) any decrease or lessening of current cloud-computing or artificial intelligence demand trends or a change in the current supportive legal and regulatory environment (in Northern Indiana or elsewhere) with respect to cloud …

Item 1A, Risk Factors, 10-K 2026-02-11 ↗

CMS CMS ENERGY CORP

3 paragraphs

… Rapid expansion of data centers associated with increasing demand for cloud services, artificial intelligence, and other applications could lead to an unprecedented increase in demand for electric power in MISO and in Consumers’ service territory. Data center electric demand could …

Item 1A, Risk Factors, 10-K 2026-02-10 ↗

• the ability to implement and integrate technology successfully, including artificial intelligence

10-K, 10-K 2026-02-10 ↗

D DOMINION ENERGY, INC

3 paragraphs

Increased energy demand or significant accelerated growth in demand due to new data centers, expanded use of artificial intelligence, widespread adoption of electric vehicles or other customer changes could require enhancements to the Companies’ infrastructure. As discussed above, the ability …

Item 1A, Risk Factors, 10-K 2026-02-23 ↗

… Emerging technologies, such as advanced forms of automation and artificial intelligence, which are subject to limited government oversight and regulations and evolve rapidly, may result in an increase in the frequency and sophistication of cyber attacks. The Companies’ businesses also …

Item 1A, Risk Factors, 10-K 2026-02-23 ↗

ED CONSOLIDATED EDISON INC

2 paragraphs

… Generative AI technologies are still in their early stages of development and deployment. Ineffective or inadequate AI development or deployment practices by the Companies or third-party vendors could result in unintended consequences. While the Companies seek contractual protections with …

Item 1A, Risk Factors, 10-K 2026-02-19 ↗

… Cyber threats in general, and in particular, to critical infrastructure, are increasing in sophistication, magnitude and frequency and the techniques used in cyber attacks change rapidly, including from emerging technologies, such as artificial intelligence (AI), and from nation-state and …

Item 1A, Risk Factors, 10-K 2026-02-19 ↗

EXC EXELON CORP

2 paragraphs

… Exelon has forecast substantial increases in load, driven largely by the increasing use of data processing facilities dedicated to cloud services, artificial intelligence technologies, and other applications. If third-party power generation capacity is insufficient to meet any Utility Registrant …

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

… In addition, the rapid evolution and increased adoption of artificial intelligence technologies may intensify the Registrants' cybersecurity risks.

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

PCG PG&E Corp

2 paragraphs

… Additionally, artificial intelligence, including generative artificial intelligence, may be used to facilitate or perpetrate these cybersecurity threats. Accordingly, the Utility may not be able to prevent unauthorized access to its operational networks, information technology systems or data, or the disruption …

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

… The personal information that PG&E Corporation and the Utility collect, as well as other commercially-sensitive data that they possess, could nonetheless become compromised or improperly disclosed, including through the use of generative artificial intelligence or as a result …

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

SO SOUTHERN CO

2 paragraphs

… Use of generative artificial intelligence has also increased the frequency, scale, and sophistication of cyber attacks and increased the capability of less sophisticated actors. As generative artificial intelligence continues to evolve, new technologies and increased computing power could cause these …

Item 1A, Risk Factors, 10-K 2026-02-19 ↗

… The majority of this demand is driven by the power needs and projected power needs of data centers to serve an increasingly digital economy and to support artificial intelligence. Other demands are coming from new industrial facilities with advanced manufacturing …

Item 1A, Risk Factors, 10-K 2026-02-19 ↗

XEL XCEL ENERGY INC

2 paragraphs

Advancements in artificial intelligence and large language models may increase cybersecurity threats and operational risks. Threat actors may use artificial intelligence to enhance their attacks, increasing the frequency, sophistication and potential impact of cyber incidents affecting our IT and OT environment.

Item 1A, Risk Factors, 10-K 2026-02-25 ↗

… New demand remains robust in our territories as we fuel the rapid growth from AI and data centers, industrial electrification and electric vehicle adoption. As such, we are transforming and expanding our electric grid to accommodate this load growth, and …

10-K, 10-K 2026-02-25 ↗

DTE DTE ENERGY CO

1 paragraph

… Technological developments, including advances in artificial intelligence, could have the potential to increase the Registrants' vulnerability to these threats. If the Registrants' information technology systems were to fail and they were unable to recover in a timely way, the Registrants …

Item 1A, Risk Factors, 10-K 2026-02-17 ↗

EIX EDISON INTERNATIONAL

1 paragraph

… SCE's current security controls and defenses may also not protect against insider threats, including deliberate and unintentional actions (e.g., human error) and other emerging cybersecurity risks created by artificial intelligence, quantum computing, cyber skills shortages, and regulatory constraints.

Item 1A, Risk Factors, 10-K 2026-02-18 ↗

LNT ALLIANT ENERGY CORP

1 paragraph

… Emerging artificial intelligence technologies may be used to develop new hacking tools, exploit vulnerabilities, obscure malicious activities, and increase the difficulty detecting threats. Cyber attacks targeting electronic control systems used at our generating facilities and for electric and gas distribution …

Item 1A, Risk Factors, 10-K 2026-02-20 ↗

ATO ATMOS ENERGY CORP

0 paragraphs

Not mentioned in the latest 10-K.

AWK American Water Works Company, Inc.

0 paragraphs

Not mentioned in the latest 10-K.