Jersey Central Power & Light Company · Akron, OH United States
Company Description
Phone: 800-736-3402
Fax: 330-384-3866
Toll Free: 800-736-3402
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This link will open in a new window New Jersey native son Bruce Springsteen may be the boss, but Jersey Central Power & Light (JCP&L) electrifies more fans every day. The company, a FirstEnergy subsidiary, transmits and distributes electricity to about 2.6 million homes and businesses in 13 counties in central and northern New Jersey. JCP&L operates more than 19,600 miles of distribution lines; its 2,160-mile transmission system is overseen by PJM Interconnection , a regional transmission organization (RTO). The utility, which was organized under the laws of the State of New Jersey in 1925, also has power plant interests. To read the full description, subscribe now.
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Key Jersey Central Power & Light Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $3,472.3 |
| Employees | 1,470 |
Jersey Central Power & Light Company Executives
26 executives listed for Jersey Central Power & Light Company's Akron, OH location.
| Title | Name & Bio | Contact |
| President | Donald Lynch | Network |
| EVP and CFO | Mark Clark | Network |
| President and Chief Nuclear Officer, FENOC | Joseph Hagan | Network |
Competition
Competitive Landscape for Jersey Central Power & 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 Jersey Central Power & Light Company Competitors
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