Atlantic City Electric Company · Mays Landing, NJ United States
Company Description
Phone: 800-642-3780
Toll Free: 800-642-3780
View Atlantic City Electric Company Locations On A US Map
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This link will open in a new window Atlantic City Electric makes America's favorite playground shine in the nighttime. The Pepco Holdings ' utility generates, transmits, and distributes electricity to 547,000 homes and businesses in southern New Jersey. Atlantic City Electric operates more than 11,000 miles of transmission and distribution lines in its 2,700 sq. ml., 8-county service area. The utility has sold most of its power generation assets, but it still has interests in selected fossil-fueled power plants. Atlantic City Electric's electricity delivery operations are regulated by the New Jersey Board of Public Utilities.
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Key Atlantic City Electric Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $1,633.0 |
| Employees | 523 |
Atlantic City Electric Company Executives
6 executives listed for Atlantic City Electric Company's Mays Landing, NJ location.
| Title | Name & Bio | Contact |
| President | Vincent Maione | Network |
| SVP and CFO | Joseph Rigby | Network |
| VP, Planning, Finance, and Regulatory, PHI | J. Mack Wathen | Network |
Competition
Competitive Landscape for Atlantic City Electric 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 Atlantic City Electric Company Competitors
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