Duke Energy Ohio, Inc. · Charlotte, NC United States
Company Description
Phone: 704-594-6200
Fax: 704-382-3814
Toll Free: 800-488-3853
View Duke Energy Ohio, Inc. Locations On A US Map
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This link will open in a new window Duke Energy Ohio (formerly Cincinnati Gas & Electric) distributes electricity and natural gas in Cincinnati and surrounding areas, including portions of Indiana and Kentucky (through subsidiary Duke Energy Kentucky ). The subsidiary of energy holding company Duke Energy has 690,000 power and 425,000 gas customers. Duke Energy Ohio serves residential, commercial, and industrial customers over approximately 19,500 miles of distribution lines and a 2,500-mile transmission system in Ohio and Kentucky. The company's Commercial Power's assets are comprised of approximately 7,550 MW of power generation primarily located in the Midwest. To read the full description, subscribe now.
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Key Duke Energy Ohio, Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $3,424.0 |
| Employees | 2,122 |
Duke Energy Ohio, Inc. Executives
12 executives listed for Duke Energy Ohio, Inc.'s Charlotte, NC 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 Ohio, 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 Ohio, Inc. Competitors
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