PowerSouth Energy Cooperative · Andalusia, AL United States
Company Description
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This link will open in a new window Alabamans and Floridians come together in PowerSouth Energy Cooperative (formerly Alabama Electric Cooperative), which provides wholesale power services to its member-owners (20 cooperative and municipal distribution utilities and one industrial company). Its distribution members provide electric services to more than 800,000 consumers in central and southern Alabama (39 counties) and western Florida (10 counties). PowerSouth Energy Cooperative operates a 2,200-mile power transmission system and has more than 1,600 MW of generating capacity from interests in fossil-fueled and hydroelectric power plants. To read the full description, subscribe now.
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Key PowerSouth Energy Cooperative Financials
| Company Type | Private - Cooperative Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $750.4 |
| Employees | 600 |
PowerSouth Energy Cooperative Executives
9 executives listed for PowerSouth Energy Cooperative's Andalusia, AL location.
| Title | Name & Bio | Contact |
| President and CEO | Gary Smith | Network |
| VP and CFO | Ferrell Walton | Network |
| VP, Power Delivery | Larry Avery | Network |
Competition
Competitive Landscape for PowerSouth Energy Cooperative
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 PowerSouth Energy Cooperative Competitors
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