Kentucky Power Company · Columbus, OH United States
Company Description
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This link will open in a new window The sun may shine bright on old Kentucky homes, but Kentucky Power provides light regardless of the sun's hue. Organized in 1919, the utility distributes electricity to about 176,000 homes and businesses across 20 counties in eastern Kentucky. An operating unit of holding company American Electric Power (AEP), Kentucky Power also sells electricity to wholesale customers and has coal-fired power plant interests that, combined, have a generating capacity of more than 1,060 MW. The company operates more than 11,240 miles of overhead distribution line and more than 1,230 miles of power transmission lines. To read the full description, subscribe now.
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Key Kentucky Power Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 466 |
Kentucky Power Company Executives
5 executives listed for Kentucky Power Company's Columbus, OH location.
| Title | Name & Bio | Contact |
| Chairman and CEO, American Electric Power | Michael Morris | Network |
| President and COO | Timothy Mosher | Network |
| EVP and CFO, AEP | Brian Tierney | Network |
Competition
Competitive Landscape for Kentucky Power 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 Kentucky Power Company Competitors
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