Midwest Generation, LLC · Chicago, IL United States
Company Description
Phone: 312-583-6000
Fax: 312-583-6111
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This link will open in a new window As one might expect, Midwest Generation sells wholesale electricity to markets in the Midwest. The independent power producer has a generating capacity of more than 5,470 MW from its six coal-fired power plants in Illinois; it also oversees the operation of the Fisk and Waukegan on-site generating plants which have 305 MW of capacity. Affiliate Edison Mission Marketing and Trading acts as a conduit for Midwest Generation's wholesale energy activities. Midwest Generation is a subsidiary of Edison International unit Edison Mission Midwest Holdings Co. In 2008 regional transmission organization PJM Interconnection accounted for 48% of the company's revenues. To read the full description, subscribe now.
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Key Midwest Generation, LLC Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $1,778.0 |
| Employees | 1,075 |
Midwest Generation, LLC Executives
10 executives listed for Midwest Generation, LLC's Chicago, IL location.
| Title | Name & Bio | Contact |
| CEO | Guy Gorney | Network |
| President | Alan Fohrer | Network |
| VP Oerations | John Kennedy | Network |
Competition
Competitive Landscape for Midwest Generation, LLC
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 Midwest Generation, LLC Competitors
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