Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NI	NISOURCE INC COM	4,231,655	$112M	4.1%	$21.78	+10.4%	—	65473P105
CMS	CMS ENERGY CORP COM	1,797,831	$104M	3.8%	$47.41	+10.3%	—	125896100
ETR	ENTERGY CORP NEW COM	982,225	$99.39M	3.6%	$44.17	+2.7%	—	29364G103
XEL	XCEL ENERGY INC COM	1,488,696	$92.17M	3.3%	$55.71	-0.4%	—	98389B100
LNT	ALLIANT ENERGY CORP COM	1,772,964	$90.95M	3.3%	$44.54	+4.3%	—	018802108
CMCSA	COMCAST CORP CLASS A	2,059,376	$90.3M	3.3%	$31.55	+27.1%	—	20030N101
PPL	PPL CORP COM	3,318,704	$89.94M	3.3%	$25.21	-6.5%	—	69351T106
UNP	UNION PAC CORP COM	352,343	$86.54M	3.1%	$115.17	+81.7%	—	907818108
SRE	SEMPRA	1,132,356	$84.62M	3.1%	$67.57	-1.2%	—	816851109
SBAC	SBA COMMUNICATIONS COR CL A	308,532	$78.27M	2.8%	$231.73	-7.0%	—	78410G104
EIX	EDISON INTL COM	1,084,864	$77.56M	2.8%	$58.13	+2.4%	—	281020107
BCE	BCE INC COM NEW	1,964,863	$77.38M	2.8%	$27.63	+17.5%	—	05534B760
CEG	CONSTELLATION ENERGY CORP	630,781	$73.73M	2.7%	$49.76	+131.4%	—	21037T109
DTE	DTE ENERGY CO COM	660,283	$72.8M	2.6%	$77.51	+22.5%	—	233331107
DUK	DUKE ENERGY CORP NEW COM NEW	695,257	$67.47M	2.5%	$90.76	-7.6%	—	26441C204
CNP	CENTERPOINT ENERGY INC	2,314,797	$66.13M	2.4%	$26.54	-1.0%	—	15189T107
ATO	ATMOS ENERGY CORP COM	562,622	$65.21M	2.4%	$100.35	+5.6%	—	049560105
AWK	AMERICAN WATER WORKS	485,725	$64.11M	2.3%	$73.00	+64.4%	—	030420103
NEE	NEXTERA ENERGY INC COM	1,020,355	$61.98M	2.3%	$54.29	-1.5%	—	65339F101
EQIX	EQUINIX INC COM NEW	76,375	$61.51M	2.2%	$386.64	+89.8%	—	29444U700
SO	SOUTHERN CO COM	876,751	$61.48M	2.2%	$63.49	+0.4%	—	842587107
CP	CANADIAN PACIFIC KANSAS CITY L	751,330	$59.4M	2.2%	$76.97	-6.3%	—	13646K108
PNW	PINNACLE WEST CAP CORP COM	814,309	$58.5M	2.1%	$70.93	-5.3%	—	723484101
AMT	AMERICAN TOWER REIT COM	269,106	$58.09M	2.1%	$179.34	-2.3%	—	03027X100
NSC	NORFOLK SOUTHERN CORP COM	235,100	$55.57M	2.0%	$224.82	-11.0%	—	655844108
PEG	PUBLIC SVC ENTERPRISE GROUP IN	904,228	$55.29M	2.0%	$47.47	+20.7%	—	744573106
OGE	OGE ENERGY CORP COM	1,582,869	$55.29M	2.0%	$39.55	-12.8%	—	670837103
WMB	WILLIAMS COS INC COM	1,558,619	$54.29M	2.0%	$28.79	+11.7%	—	969457100
EXC	EXELON CORP COM	1,498,631	$53.8M	2.0%	$30.49	+16.5%	—	30161N101
DTM	DT MIDSTREAM INC	936,647	$51.33M	1.9%	$43.51	+16.6%	—	23345M107
TMUS	T-MOBILE US INC COM	316,043	$50.67M	1.8%	$123.46	+16.0%	—	872590104
TRP	TC ENERGY	1,220,000	$47.69M	1.7%	$36.36	-9.2%	—	87807B107
AEE	AMEREN CORP COM	643,489	$46.55M	1.7%	$70.26	+1.0%	—	023608102
CHTR	CHARTER COMMUNICATIONS INC	107,627	$41.83M	1.5%	$342.48	+19.1%	—	16119P108
PCG	PG&E CORP COM	2,216,847	$39.97M	1.5%	$12.08	+38.2%	—	69331C108
VZ	VERIZON COMMUNICATIONS COM	1,042,767	$39.31M	1.4%	$35.71	-13.2%	—	92343V104
CCOI	COGENT COMMUNICATIONS HLDGS CO	482,532	$36.7M	1.3%	$53.04	+10.6%	—	19239V302
CCI	CROWN CASTLE INC	318,380	$36.67M	1.3%	$89.01	+2.0%	—	22822V101
AEP	AMERICAN ELEC PWR INC COM	382,938	$31.1M	1.1%	$81.21	-11.7%	—	025537101
D	DOMINION ENERGY INC.	547,434	$25.73M	0.9%	$40.17	0.0%	—	25746U109
DLR	DIGITAL REALTY TR	152,580	$20.53M	0.7%	$115.12	+4.8%	—	253868103
OKE	ONEOK INC NEW COM	290,934	$20.43M	0.7%	$57.38	+5.2%	—	682680103
CNI	CANADIAN NATL RY CO COM	146,900	$18.45M	0.7%	$96.42	+12.5%	—	136375102
LIN	LINDE PLC SH	35,439	$14.55M	0.5%	$322.30	+19.0%	—	G54950103
RCI	ROGERS COMMUNICATIONS INC-B	308,543	$14.44M	0.5%	$51.47	-19.0%	—	775109200
FE	FIRSTENERGY CORP COM	348,100	$12.76M	0.5%	$33.09	+0.2%	—	337932107
TLN	TALEN ENERGY CORP	194,500	$12.45M	0.5%	$55.69	0.0%	—	87422Q109
VST	VISTRA CORP.	266,818	$10.28M	0.4%	$31.21	+9.2%	—	92840M102
BRK/B	BERKSHIRE HATHAWAY INC CLASS B	22,837	$8.145M	0.3%	$118.44	+196.3%	—	084670702
PLD	PROLOGIS INC COM	51,704	$6.892M	0.3%	$84.76	+24.6%	—	74340W103
IDA	IDACORP INC COM	62,958	$6.19M	0.2%	$96.83	0.0%	—	451107106
REXR	REXFORD INDUSTRIAL REALTY, INC	72,052	$4.042M	0.1%	$59.33	—	—	76169C100
TU	TELUS CORP COM	157,397	$2.8M	0.1%	$20.94	-17.4%	—	87971M103
EPD	ENTERPRISE PRODUCTS PARTNERS L	100,000	$2.635M	0.1%	$26.35	—	—	293792107
—	REAVES UTIL INCOME FD COM SH B	91,553	$2.448M	0.1%	$29.13	—	—	756158101
WEC	WEC ENERGY GROUP INC COM	28,300	$2.382M	0.1%	$56.63	+34.7%	—	92939U106
NWN	NORTHWEST NATURAL HOLDING CO	59,860	$2.331M	0.1%	$41.10	-7.5%	—	66765N105
FTS	FORTIS INC	53,970	$2.22M	0.1%	$25.70	+44.3%	—	349553107
GOOGL	ALPHABET INC. CLASS A	13,048	$1.823M	0.1%	$107.05	+24.6%	—	02079K305
—	SCE TRUST IV 5.375 PFD	63,125	$1.403M	0.1%	$21.26	—	—	78409G206
XOM	EXXON MOBIL CORP	12,800	$1.28M	0.0%	$76.25	+28.0%	—	30231G102
TXNM	PNM RES INCCOM	28,138	$1.171M	0.0%	$46.75	-8.4%	—	69349H107
CVX	CHEVRON CORPORATION COM	7,700	$1.149M	0.0%	$144.05	-4.3%	—	166764100
GOOG	ALPHABET INC	7,150	$1.008M	0.0%	$107.46	+25.3%	—	02079K107
AAPL	APPLE INC COM	4,800	$924K	0.0%	$89.58	+104.1%	—	037833100
PPG	PPG INDS INC COM	5,000	$748K	0.0%	$77.00	+67.4%	—	693506107
DTEGY	DEUTSCHE TELEKOM AG	25,958	$624K	0.0%	$21.45	—	—	251566105
JNJ	JOHNSON & JOHNSON COM	3,325	$521K	0.0%	$78.16	+83.7%	—	478160104
PM	PHILLIP MORRIS INTERNATIONAL	5,000	$470K	0.0%	$49.85	+67.9%	—	718172109
—	SCE TRUST III 5.75 PFD	15,473	$387K	0.0%	$20.81	—	—	78409B207
MO	ALTRIA GROUP INC.	8,000	$323K	0.0%	$16.43	+111.8%	—	02209S103
SLB	SCHLUMBERGER LTD COM	6,000	$312K	0.0%	$53.34	-4.0%	—	806857108