InterGen · Burlington, MA United States
Company Description
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This link will open in a new window Independent power producer InterGen is an international generator of electricity with interests in 11 power plant projects and an equity share of 5,791 MW of generating capacity in Australia, Mexico, the Netherlands, the Philippines, and the UK. The company provides fuel procurement and project management, financing, and negotiation services. Its power is sold to utilities, energy marketers, and end-use customers. InterGen was a joint venture of Shell Oil and Bechtel , which sold their company stakes in 2005 to Highstar Capital (a part of AIG ) and Ontario Teachers' Pension Plan for $1.75 billion. In 2008 GMR Infrastructure acquired Highstar Capital's 50% stake for $1.1 billion. To read the full description, subscribe now.
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Key InterGen Financials
| Company Type | Joint Venture Headquarters |
| Fiscal Year-End | December |
| Employees | 210 |
InterGen Executives
12 executives listed for InterGen's Burlington, MA location.
| Title | Name & Bio | Contact |
| President and CEO | Neil Smith | Network |
| COO | Tim Menzie | Network |
| SVP and CFO | Martin Rees | Network |
Competition
Competitive Landscape for InterGen
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 InterGen Competitors
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