Accenture, the former consulting wing of crumbling firm Andersen, is looking to provide non-core services like customer care allowing the companies to concentrate on their core activities.
The consulting group has already secured two outsourcing deals in Canada and hopes to expand into the rest of North America.
The utilities market has suffered following the collapse of energy trader Enron, after many companies within the sector diversified into energy.
According to the FT, Accenture hopes the new service will cut costs at the companies and help them recover.
Accenture is in talks with four other utilities companies in the US to provide outsourcing services, the paper said.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel