Constellation Generation Group · Annapolis, MD United States
Company Description
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This link will open in a new window Constellation Generation (aka Constellation Energy Generation Group) is a real star in a firmament of stellar energy businesses when it comes to power generation. The company is a key element of parent Constellation Energy Group 's nonregulated merchant energy division. The unit has more than 9,000 MW of generating capacity from power and fuel processing facilities in seven states. The business generates more than 52 million MWhours per year. Its power is sold to wholesale customers through affiliate Constellation Energy Commodities Group (formerly Constellation Power Source). More than 60% of its electrical output is generated from nuclear power plants. To read the full description, subscribe now.
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Key Constellation Generation Group Financials
| Company Type |
Constellation Generation Group Executives
11 executives listed for Constellation Generation Group's Annapolis, MD location.
| Title | Name & Bio | Contact |
| Chairman | Mayo Shattuck | Network |
| President, CEO, and Chief Nuclear Officer, Constellation Energy Nuclear | Henry Barron | Network |
| CFO | James Walkington | Network |
Competition
Competitive Landscape for Constellation Generation Group
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 Generation Group Competitors
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