City Utilities of Springfield, Missouri · Springfield, MO United States
Company Description
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This link will open in a new window This Springfield is not Homer Simpson's hometown, or Abe Lincoln's. City Utilities of Springfield, Missouri supplies electricity, natural gas, and water for residents and businesses in the southwestern Missouri town. The utility, which has about 1,970 miles of power lines and 1,300 miles of natural gas mains, serves about 106,560 electric customers, more than 82,220 natural gas customers, and more than 76,600 water customers. It also operates the municipal bus system, which has 25 regular street buses and five demand/response buses. City Utilities of Springfield has a service region of 320 sq. ml. and serves a base population of 229,000. To read the full description, subscribe now.
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Key City Utilities of Springfield, Missouri Financials
| Company Type | Government-owned Headquarters |
| Fiscal Year-End | September |
| Annual Sales (mil.) | $393.4 |
| Employees | 1,020 |
City Utilities of Springfield, Missouri Executives
9 executives listed for City Utilities of Springfield, Missouri's Springfield, MO location.
| Title | Name & Bio | Contact |
| General Manager | John Twitty | Network |
| Associate General Manager, Operations | Wade Stinson | Network |
| Associate General Manager and CFO | Jim Shuler | Network |
Competition
Competitive Landscape for City Utilities of Springfield, Missouri
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 City Utilities of Springfield, Missouri Competitors
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