Florida Public Utilities Company · West Palm Beach, FL United States ·(NYSE Alternext: FPU)
Company Description
Phone: 561-832-0872
Fax: 561-833-8562
Toll Free: 800-427-7712
View Florida Public Utilities Company Locations On A US Map
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This link will open in a new window Electricity, natural gas, and propane are the right energy mix to keep the customers of Florida Public Utilities happy. The company serves approximately 83,000 natural gas and electricity customers, and 13,000 propane customers in southern, central, northwestern, and northeastern Florida. Florida Public Utilities buys its natural gas supply directly from marketers and producers and its electricity supply from nearby generating utilities; propane is purchased from wholesale suppliers. In 2009 the company agreed to be acquired by Chesapeake Utilities Corporation , in a move that would boost the customer base of the combined companies to about 200,000. To read the full description, subscribe now.
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Key Florida Public Utilities Company Financials
| Company Type | Public - NYSE Alternext: FPU Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $168.5 |
| 2008 Employees | 348 |
Florida Public Utilities Company Executives
19 executives listed for Florida Public Utilities Company's West Palm Beach, FL location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | John English | Network |
| Chairman and CEO | John Schimkaitis | Network |
| SVP and COO | Charles Stein | Network |
Competition
Competitive Landscape for Florida Public Utilities Company
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 Florida Public Utilities Company Competitors
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