Antitrust Radar

FY2023 acquired-entity profile / published 3-digit NAICS

22122Utilities

Utilities

This release row records 48 adjusted HSR transactions, 1 agency clearance, and 1 Second Request. It describes acquired-entity classification inside one federal report, not an industry merger rate or a legal antitrust market.

Locate in atlas Compare releases Exact row
Position in FY2023 Table XIRank 10 of 79
Highest adjusted countLowest
Published share
2.8%
+0.8 pp from FY2022
Sector position
1 / 1
100.0% of sector transactions
Utilities100.0%
48 row48 sector
Adjusted transactions
48
2.8% published share
Agency clearances
1
0 FTC / 1 DOJ
Second Requests
1
2.1% of row count
Intra-industry flags
3
6.3% of row count
Release continuity
2 / 2
Stable code and label
Position in FY2023 Table XI

Rank 10 of 79

Transactions
48
2.8% share
Clearances
1
0 FTC / 1 DOJ
Second Requests
1
2.1% of row
Intra-industry
3
6.3% of row
Continuity
2 / 2
Stable code and label

Adjacent official releases

Same-code release continuity

Stable code and label

The same 3-digit code and published label appear in FY2023 and FY2024.

FY2023221Utilities48 transactions / 2.8%FY2024221Utilities56 transactions / 2.8%
Adjusted transactions
FY202348FY202456
+8
Published share
FY20232.8%FY20242.8%
0 pp
Agency clearances
FY20231FY20246
+5
Second Requests
FY20231FY20240
-1
Intra-industry flags
FY20233FY20244
+1

Release-to-release sector shifts aggregate each edition's exact published rows inside stable broad NAICS sectors. They are descriptive changes in the federal review pipeline, not merger rates, market-power measures, or causal estimates. Industry codes and labels that enter, exit, or change between tables remain explicit rather than being silently crosswalked.

Published review-stage record

Agency lanes stay separate

FY2023 / exact Table XI fields

Clearances and Second Requests are administrative review stages. Their counts and row-level rates do not indicate liability, remedy, competitive harm, or agency effectiveness.

Agency clearances1Rank 12 of 79
Federal Trade Commission
0
Department of Justice
1
2.1% clearances / row count
Second Requests1Rank 4 of 79
Federal Trade Commission
0
Department of Justice
1
2.1% Second Requests / row count
Intra-industry flags3Rank 4 of 79
Flagged transactions
3
Other row transactions
45
6.3% of row count

An intra-industry transaction means the acquiring and acquired persons both reported revenue in the same 3-digit NAICS code. It does not establish a horizontal overlap, relevant antitrust market, or competitive effect.

Sector peer field

Utilities

1 published row / common count scale

Peers share this report's broad NAICS sector. Ordering uses adjusted transaction count within FY2023; it is not a ranking of market power, importance, or enforcement priority.

  1. 01221Utilities482.8%
Open the complete sector in the composition atlasPreserve FY2023, sector 22, and selected NAICS 221.

Classification passport

Exact labels before analytical joins

Code identity is not a silent crosswalk

The release label, adjacent-release label, and Census 2022 label are shown independently. A matching code supports navigation; it does not prove statistical continuity when labels or source universes differ.

Selected HSR releaseFY2023 / 221

Utilities

46th Hart-Scott-Rodino Annual Report (FY 2023)
Adjacent HSR releaseFY2024 / 221

Utilities

Stable code and label
2022 Economic Census2022 / 221

Utilities

Same normalized code and label
Economy-wide structure context

Utilities

Open Census industry profile
Firms
7,314
Employees
699,168
Revenue
$766.0B
CR4
14.7%
HHI
147.7
A NAICS industry is a statistical classification, not a legally defined antitrust market. Use these national revenue concentration measures to screen where deeper product and geographic market analysis may be warranted, not to infer market power or liability.

Evidence custody

One official row, reproducible handoffs

Source checked Aug 14, 2026
Official source

46th Hart-Scott-Rodino Annual Report (FY 2023)

Federal Trade Commission and U.S. Department of Justice

Federal Trade Commission and U.S. Department of Justice Antitrust Division, 46th Hart-Scott-Rodino Annual Report, Fiscal Year 2023, October 2024.Open source dossier

The FY2023 and FY2024 acquired-entity tables classify adjusted HSR transactions by 3-digit NAICS. They describe the federal review pipeline, not industry-wide merger rates, market definitions, competitive harm, or agency performance. Published row shares are independently rounded to one decimal place and therefore sum to 100.3% and 101.5%, respectively, while each official table total remains 100.0%.