Lower Colorado River Authority · Austin, TX United States
Company Description
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This link will open in a new window The stars at night may be big and bright, but more than one million people deep in the heart of Texas still need electricity from the Lower Colorado River Authority (LCRA). Serving more than 50 counties along the lower Colorado River from Central Texas' Hill Country to the Gulf of Mexico, the not-for-profit, state-run entity supplies wholesale electricity to more than 40 retail utilities (primarily municipalities and cooperatives). It operates three fossil-fuel powered plants and six hydroelectric dams that give it a production capacity of about 2,300 megawatts; it also purchases electricity from Texas wind farms. The LCRA provides water and wastewater utility services to more than 30 communities as well. To read the full description, subscribe now.
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Key Lower Colorado River Authority Financials
| Company Type | Government-owned Headquarters |
| Fiscal Year-End | June |
| 2008 Sales (mil.) | $1,187.8 |
| 2008 Employees | 2,325 |
Lower Colorado River Authority Executives
26 executives listed for Lower Colorado River Authority's Austin, TX location.
| Title | Name & Bio | Contact |
| Chair | Rebecca Klein | Network |
| Vice Chair | Clayborne Nettleship | Network |
| CEO and General Manager | Thomas Mason | Network |
Competition
Competitive Landscape for Lower Colorado River Authority
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 Lower Colorado River Authority Competitors
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