2022:
2023:
2024:
2025:
| Expansion | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Loans | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Underwriting | 2022 | 2023 | 2024 | 2025 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Berkshire Hathaway IncBerkshire Hathaway Energy Company, BNSF Railway Co, Bridger Coal Co, Burlington Northern Santa Fe LLC, MidAmerican Energy Co, PacifiCorp, PacifiCorp Capital Corp, PacifiCorp Capital I, PacifiCorp Capital II, PacifiCorp Financial Services Inc, Sierra Pacific Power Co (based on GCEL 2025) | $62M | $211M | $128M | $123M | $5M | $7M | $218M | $32M | $67M | $218M | $346M | $155M | $786M | |||||||||||||||
| Duke Energy CorporationDuke Capital Financing Trust I, Duke Capital Financing Trust II, Duke Energy Capital Trust II, Duke Energy Carolinas LLC, Duke Energy Florida LLC, Duke Energy Florida Project Finance LLC, Duke Energy Indiana LLC, Duke Energy Kentucky Inc, Duke Energy Ohio Inc, Duke Energy Progress LLC, PROGRESS CAPITAL HOLDINGS INC, Progress Energy Inc (based on GCEL 2025) | $104M | $71M | $128M | $95M | $51M | $94M | $54M | $37M | $155M | $164M | $182M | $132M | $634M | |||||||||||||||
| The AES CorporationAES Andes SA, AES Argentina Generacion SA, AES Indiana, AES Mong Duong Power Co Ltd, AES Ohio, DPL Capital Trust II, DPL Inc, Empresa Electrica Angamos SpA, Empresa Electrica Cochrane SpA, IPALCO ENTERPRISES INC, Mong Duong Finance Holdings BV (based on GCEL 2025) | $93M | $53M | $41M | $29M | $39M | $146M | $11M | $132M | $53M | $187M | $40M | $412M | ||||||||||||||||
| The Southern CompanyAlabama Power Capital Trust I, Alabama Power Capital Trust II, Alabama Power Capital Trust III, Alabama Power Capital Trust V, Alabama Power Co, Georgia Power Capital LP, Georgia Power Capital Trust, Georgia Power Capital Trust II, Georgia Power Capital Trust III, Georgia Power Capital Trust V, Georgia Power Capital Trust VI, Georgia Power Capital Trust VII, Georgia Power Co, Southern Co Capital Funding Inc, Southern Co Capital Trust I, Southern Co Capital Trust II, Southern Co Capital Trust III, Southern Co Capital Trust IV, Southern Co Capital Trust V, Southern Co Capital Trust VI, Southern Company Gas Capital Corporation (based on GCEL 2025) | $24M | $88M | $46M | $27M | $51M | $57M | $19M | $64M | $76M | $145M | $66M | $90M | $377M | |||||||||||||||
| American Electric Power Company Inc (AEP)AEP Credit Inc, AEP Generating Co, Appalachian Power Co, Indiana Michigan Power Co, Kentucky Power Co, Ohio Power Co, Public Service Co of Oklahoma, Southwestern Electric Power Company, Wheeling Power Co (based on GCEL 2025) | $128M | $10M | $37M | $13M | $59M | $22M | $141M | $69M | $37M | $22M | $269M | |||||||||||||||||
| CenterPoint Energy IncHouston Industries Financeco LP, Reliant Energy Finance Co III, SIGECO Securitization I LLC, Southern Indiana Gas and Electric Company, Vectren Capital Corp, Vectren LLC (based on GCEL 2025) | $36M | $95M | $110M | $36M | Not On GCEL Change in Company Structure | $95M | $110M | $241M | ||||||||||||||||||||
| PPL CorporationKentucky Utilities Co, LG&E and KU Energy LLC, Louisville Gas & Electric Co, PPL Capital Funding Inc (based on GCEL 2025) | $111M | $36M | $54M | $111M | $36M | Not On GCEL Change in Company Structure | $54M | $200M | ||||||||||||||||||||
| Pinnacle West Capital CorpArizona Public Service Co (based on GCEL 2025) | $45M | $62M | $18M | $7M | $17M | $19M | $7M | $45M | $80M | $36M | $169M | |||||||||||||||||
| DTE Energy CompanyDTE CAPITAL CORP, DTE Electric Co (based on GCEL 2025) | $51M | $12M | $32M | $20M | $53M | $63M | $32M | $20M | $53M | $168M | ||||||||||||||||||
| Xcel Energy IncNorthern States Power Co - Minnesota, Public Service Company of Colorado, Southwestern Public Service Capital I, Southwestern Public Service Company (based on GCEL 2025) | $35M | $25M | $37M | $37M | $30M | $60M | $37M | $37M | $30M | $165M | ||||||||||||||||||
| FirstEnergy CorpGPU CAPITAL INC, Monongahela Power Co (based on GCEL 2025) | $48M | $31M | $31M | $21M | $34M | Not On GCEL Change in Company Structure | $68M | $31M | $65M | $164M | ||||||||||||||||||
| Evergy IncAquila Capital LP, Evergy Kansas Central Inc, Evergy Kansas South Inc, Evergy Metro Inc, Evergy Missouri West Inc (based on GCEL 2025) | $64M | $13M | $21M | $21M | $41M | $13M | $85M | $21M | $41M | $160M | ||||||||||||||||||
| CMS Energy CorpConsumers Energy Co, Consumers Energy Co Finance III, Consumers Energy Co Financing IV, Consumers Power Co Financing I (based on GCEL 2025) | $87M | $21M | $17M | $6M | $21M | $107M | $17M | $6M | $21M | $151M | ||||||||||||||||||
| WEC Energy Group IncElm Road Generating Station Supercritical LLC, Wisconsin Electric Power Company, Wisconsin Public Service Corporation (based on GCEL 2025) | $28M | $20M | $20M | $54M | $27M | $20M | $20M | $54M | $55M | $149M | ||||||||||||||||||
| Basin Electric Power CooperativeDakota Coal Co, Dakota Gasification Co (based on GCEL 2025) | $23M | $19M | $26M | $23M | $49M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $42M | $91M | |||||||||||||||||||
| Alliance Resource Partners LPAlliance Coal LLC, Alliance Resource Operating Partners LP, Mount Vernon Transfer Terminal LLC, River View Coal LCC (based on GCEL 2025) | $52M | $37M | Not On GCEL Change in Company Structure | $52M | $37M | $89M | ||||||||||||||||||||||
| CONSOL Energy Inc | power | $48M | $35M | $48M | $35M | Not On GCEL Change in Company Structure | $83M | |||||||||||||||||||||
| NiSource IncNiSource Capital Markets, Inc., NiSource Finance Corp, Northern Indiana Public Service Company LLC (based on GCEL 2025) | $23M | $14M | $7M | $15M | $25M | $23M | $20M | $15M | $25M | $83M | ||||||||||||||||||
| Peabody Energy CorpWilpinjong Coal Pty Ltd (based on GCEL 2025) | mining | $82M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $82M | $82M | ||||||||||||||||||||||
| Fortis IncTucson Electric Power Co, UNS Energy Corporation (based on GCEL 2025) | $6M | $9M | $10M | $18M | $15M | $6M | $18M | $6M | $24M | $16M | $64M | |||||||||||||||||
| Ameren CorporationUnion Electric Co (based on GCEL 2025) | $36M | $22M | $36M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $22M | $58M | |||||||||||||||||||||
| East Kentucky Power Cooperative Inc | $58M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $58M | $58M | |||||||||||||||||||||||
| NACCO Industries IncNorth American Coal LLC, The Coteau Properties Co (based on GCEL 2025) | mining | $50M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $50M | $50M | ||||||||||||||||||||||
| MDU Resources Group IncMontana-Dakota Utilities Co (based on GCEL 2025) | $10M | $11M | $25M | Not On GCEL Change in Company Structure | $10M | Not On GCEL Change in Company Structure | $36M | $46M | ||||||||||||||||||||
| OGE Energy CorpOG&E Financing I, Oklahoma Gas and Electric Company (based on GCEL 2025) | $10M | $8M | $4M | $14M | $6M | $3M | $10M | $22M | $10M | $3M | $45M | |||||||||||||||||
| Alliant Energy CorporationAlliant Energy Finance LLC, Interstate Power and Light Co, Wisconsin Power and Light Company (based on GCEL 2025) | $12M | $16M | $10M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $12M | $26M | $38M | ||||||||||||||||||||
| Hallador Energy CoHallador Power Co LLC, Sunrise Coal LLC (based on GCEL 2025) | $29M | Not On GCEL Change in Company Structure | $29M | Not On GCEL Change in Company Structure | $29M | |||||||||||||||||||||||
| CSX Corp | $13M | $8M | $2M | $2M | $3M | $8M | $15M | $2M | $3M | $29M | ||||||||||||||||||
| Buckeye Power Inc | $25M | $25M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $25M | |||||||||||||||||||||||
| Ohio Valley Electric Corp | $19M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $19M | $19M | ||||||||||||||||||||||
| Dominion Energy IncVirginia Electric and Power Co, Dominion Energy South Carolina Inc (based on GCEL 2023) | $12M | $12M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $12M | |||||||||||||||||||||||
| Arch Resources IncThunder Basin Coal Co LLC, Dominion Terminal Associates LLP (based on GCEL 2024) | $4M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $4M | $4M |