Interstate Power and Light Company · Cedar Rapids, IA United States
Company Description
Phone: 319-786-4411
Fax: 319-786-7633
View Interstate Power and Light Company Locations On A US Map
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This link will open in a new window Interstate Power and Light (IP&L) got the bright idea of providing electricity and has hit the road to make it happen. The company, incorporated in 1925, provides energy in a tri-state portion of the Midwest. The Alliant Energy utility subsidiary serves more than 525,000 electricity customers and more than 233,800 natural gas customers. IP&L also has nearly 3,000 MW of generating capacity from fossil-fueled and nuclear power plants, and it provides steam to certain customers in Cedar Rapids, and offers other energy-related services across its service area. To read the full description, subscribe now.
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Key Interstate Power and Light Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 1,642 |
Interstate Power and Light Company Executives
21 executives listed for Interstate Power and Light Company's Cedar Rapids, IA location.
| Title | Name & Bio | Contact |
| Chairman and CEO | William Harvey | Network |
| SEVP and COO | Eliot Protsch | Network |
| VP, CFO, and Treasurer | Patricia Kampling | Network |
Competition
Competitive Landscape for Interstate Power and Light 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 Interstate Power and Light Company Competitors
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