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24. State Grid
State Grid
Rank: 24 (Previous rank: 29)
CEO: Liu Zhenya
Employees: 1,486,000
Address: 86 Xichang'an Ave.
Beijing  100031
Country: China
Website: www.sgcc.com.cn
Thanks to China’s fast-growing economy, the mainland's largest power distributor saw profits nearly double in 2007, to $4.4 billion.

Now State Grid is doing deals outside its borders: In December, a consortium including State Grid successfully bid $3.95 billion for a 25-year concession to operate Philippines' power transmission. The Chinese company also signed a power purchase agreement with its Russian counterpart, RAO UES.
Revenues 132,885.1 24.0
Profits 4,422.7 97.6
Assets 186,436.1
Stockholders' equity 71,415.0
Revenues 3
Assets 2
Industry: Utilities
1 State Grid 24 132,885.1
2 Électricité de France 68 81,628.9
3 Enel 109 59,778.0
4 Tokyo Electric Power 146 47,980.0
5 Veolia Environnement 153 44,749.9
6 Gaz de France 193 37,541.0
7 China Southern Power Grid 226 33,861.2
8 Centrica 231 32,778.9
9 Korea Electric Power 245 31,355.2
10 Scottish & Southern Energy 253 30,618.2
11 Endesa 258 30,018.3
12 Iberdrola 339 23,909.5
13 Kansai Electric Power 347 23,548.9
14 National Grid 351 23,479.0
15 Chubu Electric Power 391 21,456.4
16 Vattenfall 396 21,253.3
17 CFE 408 20,658.3
18 Energie Baden-Württemberg 418 20,270.5
19 Exelon 444 18,925.0
From the July 21, 2008 issue
Government owned 50% or more.
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