Central Illinois Public Service Company · Springfield, IL United States
Company Description
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This link will open in a new window Central Illinois Public Service doesn't need Mrs. O'Leary's cow to light up the sky in Illinois. Founded in 1902, the company, which operates as AmerenCIPS, transmits and distributes electricity to almost 400,000 customers and natural gas to nearly 190,000 customers in almost 600 communities in Illinois. The company gets about three-quarters of its sales from its its electricity business. Along with Union Electric and Illinois Power Company , management of AmerenCIPS is handled by Midwest Independent Transmission System (MISO). Electric sales account for the bulk of sales. The firm is a subsidiary of utility holding company Ameren Corporation . To read the full description, subscribe now.
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Key Central Illinois Public Service Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $982.0 |
| Employees | 679 |
Central Illinois Public Service Company Executives
5 executives listed for Central Illinois Public Service Company's Springfield, IL location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | Scott Cisel | Network |
| EVP and CFO | Warner Baxter | Network |
| SVP and Chief Accounting Officer | Martin Lyons | Network |
Competition
Competitive Landscape for Central Illinois Public Service 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 Public Service Company Competitors
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