Constellation Energy Commodities Group, Inc. · Baltimore, MD United States
Company Description
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This link will open in a new window Constellation Energy Commodities Group is a leading source of wholesale power in deregulated US markets. The company holds the energy marketing and trading operations of parent Constellation Energy Group . Constellation Energy Commodities Group sells electricity, natural gas, coal, and other energy products under both short- and long-term contracts to energy users, including utilities and other energy marketers. The unit also provides risk management services. Constellation Energy Commodities Group's formerly diverse global portfolio included coal supply, freight management, and terminal logistics until it sold most of that business in 2009. To read the full description, subscribe now.
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Key Constellation Energy Commodities Group, Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 386 |
Constellation Energy Commodities Group, Inc. Executives
6 executives listed for Constellation Energy Commodities Group, Inc.'s Baltimore, MD location.
| Title | Name & Bio | Contact |
| Chairman | Thomas Brooks | Network |
| President and CEO | George Persky | Network |
| CFO | Andrew Good | Network |
Competition
Competitive Landscape for Constellation Energy Commodities Group, 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 Constellation Energy Commodities Group, Inc. Competitors
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