Bangor Hydro-Electric Company · Bangor, ME United States
Company Description
Phone: 207-945-5621
Fax: 207-973-2813
Toll Free: 800-499-6600
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This link will open in a new window Bangor Hydro-Electric (BHE) has dropped its hydro, but the company still has plenty of electricity. As part of the restructuring of the electric utility industry in the state of Maine, BHE has shed its generating facilities, including its hydroelectric projects, to focus on distribution and transmission. The regulated utility serves a population of 192,000 in six counties in southeastern Maine. The company is also a member of the New England Power Pool. Bangor Hydro-Electric was acquired in 2001 by Canada's Emera , the parent company of electric utility Nova Scotia Power. Bangor Hydro began in 1924. To read the full description, subscribe now.
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Key Bangor Hydro-Electric Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $119.0 |
| Employees | 250 |
Bangor Hydro-Electric Company Executives
16 executives listed for Bangor Hydro-Electric Company's Bangor, ME location.
| Title | Name & Bio | Contact |
| Chairman | Christopher Huskilson | Network |
| President, COO, and Director | Robert Hanf | Network |
| Treasurer and Controller | Peter Dawes | Network |
Competition
Competitive Landscape for Bangor Hydro-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 Bangor Hydro-Electric Company Competitors
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