Buckeye Power Inc. · Columbus, OH United States
Company Description
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This link will open in a new window It has cost a few bucks to generate power, but the effort has been well worth it for Buckeye Power, an electricity generation and transmission cooperative that provides electricity to 24 distribution companies in Ohio and one in Michigan. Together they serve more than 390,000 homes and businesses in 77 of Ohio's 88 counties. The company was established by Ohio's rural electric cooperatives to produce and transmit electric power for member systems throughout the state. Buckeye Power, which owns two of the three generating units in the at Cardinal Generating Station, contracts with other Ohio electric companies to use their transmission systems to transmit power to its member electric distribution cooperatives. To read the full description, subscribe now.
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Key Buckeye Power Inc. Financials
| Company Type | Private - Cooperative Headquarters |
| Fiscal Year-End | June |
| Annual Sales (mil.) | $417.9 |
| Employees | 300 |
Buckeye Power Inc. Executives
3 executives listed for Buckeye Power Inc.'s Columbus, OH location.
| Title | Name & Bio | Contact |
| President | Anthony Ahern | Network |
| VP Finance | Bob Daniel | Network |
| Director Communications | Steve Oden | Network |
Competition
Competitive Landscape for Buckeye Power Inc.
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 Buckeye Power Inc. Competitors
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