CE Casecnan Water and Energy Company, Inc. · Makati City, Metro Manila Philippines
Company Description
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This link will open in a new window CE Casecnan Water and Energy won't sell you down the river, but it will sell you the electricity generated on rivers in the Philippines. The company developed, constructed, and is operating a 150 MW hydroelectric plant and irrigation control facility on the Casecnan and Taan rivers in the central Luzon Island in the Republic of the Philippines. The company is indirectly owned by MidAmerican Energy Holdings (Warren Buffet's Berkshire Hathaway is a major shareholder of MidAmerican Energy). The company operates the project under contract with the Philippine National Irrigation Administration, a Republic of Philippines-owned and controlled corporation. To read the full description, subscribe now.
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Key CE Casecnan Water and Energy Company, Inc. Financials
| Company Type | Private Single Location |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $137.6 |
| 2008 Employees | 43 |
CE Casecnan Water and Energy Company, Inc. Executives
12 executives listed for CE Casecnan Water and Energy Company, Inc.'s Makati City, Metro Manila location.
| Title | Name & Bio | Contact |
| Chairman, SVP, General Counsel, and Secretary | Douglas Anderson | Network |
| President, General Manager, and Director | Joseph Sullivan | Network |
| SVP, CFO and Director | Patrick Goodman | Network |
Competition
Competitive Landscape for CE Casecnan Water and Energy Company, 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 CE Casecnan Water and Energy Company, Inc. Competitors
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