Central Illinois Light Company · Peoria, IL United States
Company Description
View Central Illinois Light Company Locations On A US Map
This link will open in a new window
This link will open in a new window Central Illinois Light likes to be the center of attention for all this gas and electric in the Land of Lincoln. The company, which operates as AmerenCILCO, serves some 210,000 electric customers and 213,000 natural gas customers in central Illinois. The company operates 3,800 miles of gas transmission and distribution mains and two gas storage facilities. Its 300-mile power transmission system is monitored by the Midwest ISO . AmerenCILCO was acquired by Ameren from former parent AES in 2003; Ameren subsequently transferred substantially all of the utility's fossil-fueled power plants (1,100 MW of capacity) and the related wholesale marketing operations to a nonregulated affiliate. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Central Illinois Light Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $1,147.0 |
| Employees | 626 |
Central Illinois Light Company Executives
5 executives listed for Central Illinois Light Company's Peoria, IL location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | Scott Cisel | Network |
| SVP, CFO, and Director | Martin Lyons | Network |
| SVP, General Counsel, and Secretary | Steven Sullivan | Network |
Competition
Competitive Landscape for Central Illinois Light 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 Central Illinois Light Company Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!