Sempra Generation · San Diego, CA United States
Company Description
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This link will open in a new window Sempra Generation (formerly Sempra Energy Resources) pools its parent's resources into generating electricity for the competitive market. The unit, which is part of Sempra Energy 's Sempra Global division, has more than 2,600 MW of generating capacity from interests in fossil-fueled power plants. It also has developing three more power plants (capable of generating about 1,500 MW). In addition, Sempra Generation operates four gas-fired power plants in Arizona, California (jointly owned by Occidental Energy), and Nevada, as well as one in Mexicali, Mexico. To read the full description, subscribe now.
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Key Sempra Generation Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 350 |
Sempra Generation Executives
8 executives listed for Sempra Generation's San Diego, CA location.
| Title | Name & Bio | Contact |
| President and CEO | Michael Allman | Network |
| VP Asset Management | Michael Gallagher | Network |
| VP Project Development | Joseph Rowley | Network |
Competition
Competitive Landscape for Sempra Generation
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 Sempra Generation Competitors
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