Monongahela Power Company · Fairmont, WV United States
Company Description
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This link will open in a new window Electricity flows from Monongahela Power just like the river the utility was named after. Incorporated in Ohio in 1924, the company services approximately 378,600 residential and commercial customers in Ohio and West Virginia. Monongahela Power, along with West Penn Power and Potomac Edison, comprise the Allegheny Power arm of Allegheny Energy . It has power plants with 2,806 MW of generating capacity. In 2008 Monongahela Power issued $300 million in bonds in order to pay down debt and to provide for capital expenditures and working capital.
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Key Monongahela Power Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $773.7 |
| Employees | 4,460 |
Monongahela Power Company Executives
6 executives listed for Monongahela Power Company's Fairmont, WV location.
| Title | Name & Bio | Contact |
| CEO and Chairman | Paul Evanson | Network |
| COO | Curtis Davis | Network |
| VP and CFO | Philip Goulding | Network |
Competition
Competitive Landscape for Monongahela 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 Monongahela Power Company Competitors
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