Duke Energy Carolinas, LLC · Charlotte, NC United States
Company Description
Phone: 704-594-6200
Fax: 704-382-3814
Toll Free: 800-873-3853
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This link will open in a new window Duke Energy Carolinas (formerly Duke Power) energizes the Carolinas as well as its parent company's sales. A part of top US power firm Duke Energy , the regulated utility provides electricity services to 2.4 million customers in North and South Carolina. Operating in a 22,000-square mile service territory, the utility has more than 100,000 miles of distribution lines and a 13,000 mile transmission system, and has a net generating capacity of more than 19,320 MW from interests in fossil-fueled, nuclear, and hydroelectric power plants. Duke Energy Carolinas also sells power to wholesale customers. To read the full description, subscribe now.
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Key Duke Energy Carolinas, LLC Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $5,903.0 |
| Employees | 3 |
Duke Energy Carolinas, LLC Executives
9 executives listed for Duke Energy Carolinas, LLC's Charlotte, NC location.
| Title | Name & Bio | Contact |
| Leslie Rose | Network | |
| Tony Smertalinolo | Network | |
| President, Intelligence Solutions Division | David Burner | Network |
Competition
Competitive Landscape for Duke Energy Carolinas, LLC
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 Duke Energy Carolinas, LLC Competitors
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