Duke Energy Kentucky, Inc. · Cincinnati, OH United States
Company Description
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This link will open in a new window Duke Energy Kentucky (formerly Union Light, Heat and Power) helps to keep the citizens of the Bluegrass state in the light. The company, organized in 1901, provides electricity and gas to more than 134,000 industrial, commercial and residential customers across northern Kentucky. Duke Energy Kentucky, a direct subsidiary of Duke Energy Ohio , gets its fuel supply from a mix of nuclear, coal-fired, hydroelectric and combustion-turbine generation. Duke Energy acquired Union Light, Heat and Power's parent Cinergy in 2006, and subsequently merged it with Ohio power operations. To read the full description, subscribe now.
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Key Duke Energy Kentucky, Inc. Financials
| Company Type | Subsidiary Single Location |
| Fiscal Year-End | December |
| Employees | 236 |
Duke Energy Kentucky, Inc. Executives
9 executives listed for Duke Energy Kentucky, Inc.'s Cincinnati, OH location.
| Title | Name & Bio | Contact |
| Chairman and CEO | James Rogers | Network |
| President | Julia Janson | Network |
| Group Executive and CFO | Lynn Good | Network |
Competition
Competitive Landscape for Duke Energy Kentucky, 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 Duke Energy Kentucky, Inc. Competitors
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