AEP Texas Central Company · Columbus, OH United States
Company Description
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This link will open in a new window The lights are big and bright deep in the heart of the Lone Star State thanks to AEP Texas Central (TCC). The utility, formerly named Central Power and Light, provides regulated electric utility services to approximately 753,000 customers in Texas. TCC operates more than 29,650 miles of transmission and distribution lines in Texas; its transmission assets are managed by ERCOT . At one time, more than half of its revenues came from wholesale power transactions, but parent American Electric Power is in the process of divesting the unit's generation assets. TCC has sold its stake in STP Nuclear (STP) to STP, NRG Texas , and the city of San Antonio. To read the full description, subscribe now.
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Key AEP Texas Central Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $664.7 |
| Employees | 1,224 |
AEP Texas Central Company Executives
8 executives listed for AEP Texas Central Company's Columbus, OH location.
| Title | Name & Bio | Contact |
| President and COO | Pablo Vegas | Network |
| VP Regulatory and Finance | Ron Ford | Network |
| VP Distribution Operations | Harry Gordon | Network |
Competition
Competitive Landscape for AEP Texas Central Company
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top AEP Texas Central Company Competitors
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