Other utilities worth adding to your portfolio are DTE Energy, CenterPoint Energy Inc. and Evergy in this thriving industry.About the Electric Power IndustryThe Utility - Electric Power utility industry encompasses the generation, transmission, distribution, storage, and sale of electricity to consumers. In general, demand for utility services remains stable across economic cycles, unless disrupted by unusual weather patterns. However, extreme temperatures — hot summers and cold winters — typically drive higher electricity consumption.The industry is clearly undergoing a transformation, with an increasing number of companies committing to zero-emission targets. The global rise in Internet usage and the anticipated growth of artificial intelligence (AI) are expected to boost electricity demand, as AI-driven queries require much more power than standard Internet activities like streaming music or viewing photos.