Pedernales Electric Cooperative, Inc. · Johnson City, TX United States
Company Description
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This link will open in a new window Created by Texas ranchers and business owners, Pedernales Electric Cooperative provides electricity services in the Texas Hill Country. The company, the largest electric cooperative in the US, purchases its electricity from wholesale providers, primarily the Lower Colorado River Authority (LCRA), and transmits and distributes it to more than 228,000 customers. The member-owned cooperative is purchasing wind-power assets from American Electric Power to expand its green energy sources. In 2008 a scandal over alleged inappropriate expenditures by board members led to the resignation of the board president and intense scrutiny of the co-op by the public, members, and the government. To read the full description, subscribe now.
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Key Pedernales Electric Cooperative, Inc. Financials
| Company Type | Private - Cooperative Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $496.0 |
| Employees | 683 |
Pedernales Electric Cooperative, Inc. Executives
10 executives listed for Pedernales Electric Cooperative, Inc.'s Johnson City, TX location.
| Title | Name & Bio | Contact |
| President, Board of Directors | Larry Landaker | Network |
| General Manager | Juan Garza | Network |
| Director, Secretary, and Treasurer | Kathryn Scanlon | Network |
Competition
Competitive Landscape for Pedernales Electric Cooperative, Inc.
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 Pedernales Electric Cooperative, Inc. Competitors
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