Caithness Corporation · New York, NY United States
Company Description
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This link will open in a new window Scotland's windswept Caithness region might well serve as an inspiration for Caithness Corp., which develops renewable power plants in the US under the Caithness Energy brand. Although the company has focused on the development, acquisition, operation, and management of geothermal, hydroelectric, wind, and solar energy power projects, it also has environmentally friendly fossil-fueled plants using coal and diesel. Caithness is the largest producer of renewable energy in the US, with more than 360 MW generated by geothermal projects, 160 MW generated by solar plants, and 345 MW produced by wind turbine projects. On the non-renewable side it also produces more than 1,980 MW of gas-turbine powered generation. To read the full description, subscribe now.
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Key Caithness Corporation Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Employees | 175 |
Caithness Corporation Executives
5 executives listed for Caithness Corporation's New York, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO | James Bishop | Network |
| Vice Chairman | James Bishop | Network |
| President, COO, and Director | Leslie Gelber | Network |
Competition
Competitive Landscape for Caithness Corporation
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 Caithness Corporation Competitors
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