Ohio Valley Electric Corporation · Piketon, OH United States
Company Description
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This link will open in a new window Ohio Valley Electric and its subsidiary, Indiana-Kentucky Electric, generate power in the Ohio River Valley region. The company operates two coal-fired plants with collectively about 2,400 MW of generating capacity. Ohio Valley Electric's Kyger Creek Plant at Cheshire, Ohio, and Indiana-Kentucky Electric's Clifty Creek Plant at Madison, Indiana are linked by 776 miles of transmission lines. Most of Ohio Valley Electric's power goes to its shareholders, which include American Electric Power (39%), Buckeye Power Generating, LLC (18%), and Duke Energy Ohio (9%). To read the full description, subscribe now.
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Key Ohio Valley Electric Corporation Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $520.0 |
| Employees | 539 |
Ohio Valley Electric Corporation Executives
18 executives listed for Ohio Valley Electric Corporation's Piketon, OH location.
| Title | Name & Bio | Contact |
| President and Director | Michael Morris | Network |
| VP Operations | David Jones | Network |
| Secretary and Treasurer | John Brodt | Network |
Competition
Competitive Landscape for Ohio Valley Electric 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 Ohio Valley Electric Corporation Competitors
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