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Severn Trent is a water and wastewater services company operating primarily in the utility sector. Its core business involves the supply and treatment of water and the management of wastewater to households and businesses in the UK. The company serves millions of customers and spans a significant geographical area, predominantly across the Midlands and Wales. Headquartered in Coventry, England, Severn Trent has a long-standing history, having been established in 1974. The company's strategic positioning emphasizes operational efficiency and environmental sustainability, offering resilience in its services amidst regulatory frameworks.

Southern is one of the largest utilities in the US. The company serves 9 million customers with vertically integrated electric utilities in three states and natural gas distribution utilities in four states. It owns 46 gigawatts of rate-regulated generating capacity, primarily for serving customers in Georgia, Alabama, and Mississippi. Subsidiary Southern Power owns 13 gigawatts of natural gas generation and renewable energy across the US and sells the electricity primarily under long-term contracts.