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Duke and NextEra lead a slump in regional electricity production

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Nov. 20 2019, Updated 12:50 p.m. ET

Production data by division

Analyzing regional electricity production helps investors identify electricity demand in key micro markets within the US and track companies that operate in high-growth regions.

The Census Bureau divides the United States into nine divisions. The Edison Electric Institute (or EEI) gives out weekly electricity production data by divisions across the US. You can see the weekly electricity output and week-over-week change in production levels in the chart below.

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Production strong in most divisions

For the week ended January 16, 2015, all nine US divisions registered drops in week-over-week electricity production.

Weekly electricity production in the Southeastern US dropped the highest during the week. Electricity consumption in the Southeast division fell by 8.4% week-over-week. The division is the largest consumer of electricity among all the divisions in the US. Duke Energy (DUK) and NextEra Energy (NEE) are major power companies in the Southeastern US. The two companies are part of the top five holdings of the Utilities Select Sector SPDR (XLU).

After the Southeastern US, the central industrial region saw the second-highest drop in weekly electricity generation. Generation fell by 6.7% in the region for the week ended January 16, 2015, compared to the preceding week. Ameren Corporation (AEE) operates in some of the states in the Central Industrial region of the US.

The two regions we mentioned above have had volatile electricity production in the last couple of weeks. For the preceding week, the two regions had registered double-digit growth in weekly electricity production.

The Pacific Southwest region saw the smallest drop in weekly electricity generation for the week ended January 16, 2015. Electricity production in the Pacific Southwest region fell by only 0.3% during the week. PG&E Corporation (PCG) is one of the major power producers in the Pacific Southwest regions of the US.

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