This study analyzes the relevance of financial reports to energy transition and sustainability in electric utility companies, specifically in PLN and Non-PLN state-owned enterprises. The focus of this research is on how fixed asset financial data in the statement of financial position reflects the risks of energy transition and how electric utility companies literate financial reports through disclosure of energy transition and sustainability information. This study uses descriptive analysis with financial report data from four electric utility entities over a three-year reporting period. The results show that financial reports of electric utility companies, both PLN and Non-PLN state-owned enterprises, have not fully reflected information related to energy transition and sustainability, with findings that the coefficient of variation of fixed assets reaches 151.76% to 265.78%, indicating a high level of data dispersion. However, statistical and graphical analysis shows a link between fixed asset financial data and the risks of energy transition and its impact on sustainability. This study concludes that electric utility companies, both PLN and Non-PLN state-owned enterprises, need to improve the relevance of their financial reports by presenting information related to energy transition and sustainability in a more transparent and comprehensive manner. This study is expected to contribute to the development of more relevant and comprehensive financial reporting in the context of energy transition and sustainability.