Niagara Mohawk Power Corporation · Syracuse, NY United States
Company Description
Phone: 315-474-1511
Fax: 315-460-7041
Toll Free: 800-642-4272
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This link will open in a new window Niagara Mohawk Power (which does business as National Grid) distributes electricity to approximately 1.5 million customers and natural gas to 540,000 customers in upstate New York. The company owns and operates 53,000 pole miles of power transmission and distribution lines; wholesale activities on its transmission grid are managed by the New York ISO . Niagara Mohawk Power is a provider of last resort for customers who do not choose an alternative supplier in New York's deregulated power market. The utility's gas distribution system consists of 8,100 miles of lines and mains. Niagara Mohawk Power is a subsidiary of National Grid USA , a unit of UK-based National Grid . To read the full description, subscribe now.
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Key Niagara Mohawk Power Corporation Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | March |
| Annual Sales (mil.) | $4,131.7 |
| Employees | 3,950 |
Niagara Mohawk Power Corporation Executives
5 executives listed for Niagara Mohawk Power Corporation's Syracuse, NY location.
| Title | Name & Bio | Contact |
| President and Director | William Edwards | Network |
| SVP and CFO | Colin Buck | Network |
| EVP National Grid USA | Lawrence Reilly | Network |
Competition
Competitive Landscape for Niagara Mohawk Power Corporation
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 Niagara Mohawk Power Corporation Competitors
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