Green Mountain Energy Company · Austin, TX United States
Company Description
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This link will open in a new window The power is always greener on this side of the mountain. Green Mountain Energy buys and resells green power generated from hydroelectric, solar, wind, geothermal, and natural and landfill gas facilities. It has helped develop about 40 wind and solar renewable facilities around the US (which along with other green energy initiatives has led to the delivery of more than 33 million MWh of cleaner energy into the US power market). The renewable energy facilities have been responsible for avoiding the use of more than 674,340 tons of carbon dioxide, a greenhouse gas that is a primary contributor to global warming. Dutch utility Nuon and oil giant BP have invested heavily in the firm. To read the full description, subscribe now.
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Key Green Mountain Energy Company Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Employees | 240 |
Green Mountain Energy Company Executives
12 executives listed for Green Mountain Energy Company's Austin, TX location.
| Title | Name & Bio | Contact |
| Chairman | Evan Wyly | Network |
| President and CEO | Paul Thomas | Network |
| CFO and Treasurer | Bryan DeCordova | Network |
Competition
Competitive Landscape for Green Mountain Energy 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 Green Mountain Energy Company Competitors
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