These 6 Utility Stocks Offer Income and a Link to Power Demand

The Motley Fool · Reuben Gregg Brewer · 2026-11-06 13:15 UTC

NextEra Energy is leaning into electricity demand, but it isn't the only way to play demand growth.

NextEra Energy (NEE -0.23%) and Dominion Energy (D -0.16%) plan to merge, as NextEra seeks to tap into the massive growth in electricity demand it expects. Duke Energy (DUK +0.38%), The Southern Company (SO +0.24%), American Electric Power (AEP -1.91%), and Xcel Energy (XEL -0.16%) are all hoping to do the same thing. And there's a huge opportunity, with electricity demand expected to increase 60% between 2025 and 2045. To put that demand into perspective, it increased by only 10% between 2005 and 2025.

Here's a look at each of these six large dividend-paying U.S. utilities and why you might want to consider buying each one.

1. NextEra Energy: Big and diverse

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