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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | $68M | $71M | $75M | $59M | $72M | $79M | $15M | $25M | $141M | $150M | $90M | $84M | $465M | |||||||||||||||
| Tennessee Valley Authority | $128M | $18M | $32M | $32M | $57M | $18M | $160M | $32M | $57M | $268M | ||||||||||||||||||
| 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) | $16M | $8M | $19M | $55M | $63M | $27M | $77M | $55M | $79M | $35M | $97M | $265M | ||||||||||||||||
| 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 | $54M | $37M | $55M | $4M | $62M | $58M | $37M | $55M | $213M | ||||||||||||||||||
| RWE AGRWE Finance US, LLC, RWE Power AG (based on GCEL 2025) | $53M | $33M | $46M | $76M | $53M | $33M | $46M | $76M | $208M | |||||||||||||||||||
| 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) | $10M | $37M | $100M | $22M | $33M | $100M | $32M | $37M | $33M | $202M | ||||||||||||||||||
| Emera IncEMERA US FINANCE LP, Nova Scotia Power Inc (based on GCEL 2025) | $89M | $10M | $47M | $21M | $23M | $89M | $34M | $47M | $21M | $190M | ||||||||||||||||||
| FirstEnergy CorpGPU CAPITAL INC, Monongahela Power Co (based on GCEL 2025) | $48M | $31M | $31M | $41M | $34M | Not On GCEL Change in Company Structure | $89M | $31M | $65M | $184M | ||||||||||||||||||
| Ameren CorporationUnion Electric Co (based on GCEL 2025) | $36M | $42M | $40M | $60M | $36M | $42M | $40M | $60M | $178M | |||||||||||||||||||
| Basin Electric Power CooperativeDakota Coal Co, Dakota Gasification Co (based on GCEL 2025) | $17M | $19M | $44M | $90M | $62M | Not On GCEL Change in Company Structure | $90M | $19M | $171M | |||||||||||||||||||
| PPL CorporationKentucky Utilities Co, LG&E and KU Energy LLC, Louisville Gas & Electric Co, PPL Capital Funding Inc (based on GCEL 2025) | $36M | $54M | $80M | Not On GCEL Change in Company Structure | $116M | Not On GCEL Change in Company Structure | $54M | $169M | ||||||||||||||||||||
| 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) | $44M | $58M | $12M | $45M | $44M | Not On GCEL Change in Company Structure | $12M | $103M | $159M | |||||||||||||||||||
| TransAlta CorporationTransAlta Centralia Generation LLC (based on GCEL 2025) | $39M | $24M | $35M | $19M | $39M | $24M | $35M | $19M | $117M | |||||||||||||||||||
| NRG Energy IncNRG Finance Co I LLC (based on GCEL 2025) | $30M | $47M | $19M | $ | $9M | $8M | $2M | $30M | $56M | $27M | $2M | $115M | ||||||||||||||||
| WEC Energy Group IncElm Road Generating Station Supercritical LLC, Wisconsin Electric Power Company, Wisconsin Public Service Corporation (based on GCEL 2025) | $28M | $60M | $25M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $60M | $53M | $113M | ||||||||||||||||||||
| CMS Energy CorpConsumers Energy Co, Consumers Energy Co Finance III, Consumers Energy Co Financing IV, Consumers Power Co Financing I (based on GCEL 2025) | $17M | $42M | $11M | $28M | $17M | $42M | $11M | $28M | $98M | |||||||||||||||||||
| 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 | $24M | $3M | $4M | $29M | $60M | $3M | $4M | $29M | $95M | ||||||||||||||||||
| OGE Energy CorpOG&E Financing I, Oklahoma Gas and Electric Company (based on GCEL 2025) | $17M | $16M | $8M | $24M | $12M | $11M | $17M | $40M | $20M | $11M | $88M | |||||||||||||||||
| Pinnacle West Capital CorpArizona Public Service Co (based on GCEL 2025) | $17M | $19M | $5M | $28M | Not On GCEL Change in Company Structure | $36M | $5M | $28M | $69M | |||||||||||||||||||
| ALLETE IncBNI Energy Inc, Minnesota Power (based on GCEL 2025) | $12M | $12M | $10M | $3M | $13M | $15M | $15M | $24M | Not On GCEL Change in Company Structure | $25M | $65M | |||||||||||||||||
| NorthWestern Energy Group IncNorthWestern Corp (based on GCEL 2025) | $8M | $12M | $19M | $2M | $8M | $30M | Not On GCEL Change in Company Structure | $2M | $40M | |||||||||||||||||||
| TXNM EnergyTXNM Energy, NM CAPITAL UTILITY CORP, Public Service Co of New Mexico (based on GCEL 2024) | $18M | $10M | $12M | $18M | Not On GCEL Change in Company Structure | $22M | $40M | |||||||||||||||||||||
| Fortis IncTucson Electric Power Co, UNS Energy Corporation (based on GCEL 2025) | $4M | $3M | $3M | $9M | $2M | $4M | $2M | $6M | $6M | $7M | $5M | $15M | $33M | |||||||||||||||
| Great River Energy | $16M | $17M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $16M | $17M | $33M | |||||||||||||||||||||
| Dominion Energy IncVirginia Electric and Power Co, Dominion Energy South Carolina Inc (based on GCEL 2023) | $12M | $18M | $12M | $18M | Not On GCEL Change in Company Structure | $31M | ||||||||||||||||||||||
| Intermountain Power Agency | $11M | $13M | $5M | $11M | $13M | $5M | $28M | |||||||||||||||||||||
| Capital Power Corp | 0 | $28M | Not On GCEL Change in Company Structure | $28M | Not On GCEL Change in Company Structure | $28M | ||||||||||||||||||||||
| Black Hills CorpWyodak Resources Development Corp (based on GCEL 2025) | $7M | $9M | $2M | $7M | Not On GCEL Change in Company Structure | $9M | $9M | $7M | $25M | |||||||||||||||||||
| Origin Energy LtdOrigin Energy Finance Ltd (based on GCEL 2025) | $10M | $12M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $10M | $12M | $22M | |||||||||||||||||||||
| Alliance Resource Partners LPAlliance Coal LLC, Alliance Resource Operating Partners LP, Mount Vernon Transfer Terminal LLC, River View Coal LCC (based on GCEL 2025) | $18M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $18M | $18M | |||||||||||||||||||||||
| Oglethorpe Power Corporation | $13M | $5M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $18M | $18M | ||||||||||||||||||||||
| CLP Holdings Co LtdCastle Peak Power Co Ltd, Castle Peak Power Finance Co Ltd, CLP Power Hong Kong Financing Ltd, CLP Power Hong Kong Ltd, EnergyAustralia Finance Pty Ltd, EnergyAustralia Pty Ltd (based on GCEL 2025) | $16M | $16M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $16M | |||||||||||||||||||||||
| Glencore PLCBulga Coal Management Pty Ltd, Carbones del Cerrejon Ltd, Finges Investment BV, Glencore Australia Holdings Pty Ltd, Glencore Capital Finance DAC, Glencore Finance (Bermuda) Ltd, Glencore Finance (Canada) Ltd, Glencore Finance (Europe) Ltd, Glencore Funding LLC, Glencore Group Funding Ltd, Glencore International AG, Glencore (Schweiz) AG, Hail Creek Joint Venture , Rolleston Coal Holdings Pty Ltd, Ulan Coal Mines Ltd, Wandoan Holdings Pty Ltd (based on GCEL 2025) | power, mining | $15M | $15M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $15M | ||||||||||||||||||||||
| Vistra CorpDynegy Midwest Generation LLC, Luminant Mining Co LLC, Vistra Finance Corp (based on GCEL 2025) | $12M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $12M | $12M | |||||||||||||||||||||||
| 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) | $2M | $7M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $2M | $7M | $9M | |||||||||||||||||||||
| Ramaco Resources IncBrook Mining Co LLC, Ramaco Carbon LLC (based on GCEL 2025) | mining | $ | $1M | Not On GCEL Change in Company Structure | $ | $1M | $2M | |||||||||||||||||||||
| MDU Resources Group IncMontana-Dakota Utilities Co (based on GCEL 2025) | $2M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $2M | $2M | ||||||||||||||||||||||
| Grand River Dam Authority | $ | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $ | $ |