This past week we noted the announcement of a merger/acquisition involving Nicor (#1536 on the Global 5000) and AGL Resources (#1839). These are not that common in that many utility companies are either state / government owned or quasi-government.
We have 120 Utility companies in the Global 5000 representing approximately $1.4 trillion in revenue. The largest in the group include China;s State Grid, Suez GDF in France, Tokyo Electric Power and PGF Polska Group.
In total, revenues for this group had 2009 revenue that was 3% less than 2008. Given the nature of the business, you can expect slow revenue movement (up or down).