South Carolina Public Service Authority · Moncks Corner, SC United States
Company Description
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This link will open in a new window Someone's got to turn on those bright lights in the big city -- and in the small cities, too. South Carolina Public Service Authority, known as Santee Cooper (after two interconnected river systems), provides wholesale electricity to 20 cooperatives and two municipalities that serve more than 625,000 customers in South Carolina. It directly retails electricity to 155,000 customers. One of the largest US state-owned utilities, Santee Cooper operates in all 46 counties in South Carolina and has interests in power plants (fossil-fueled, nuclear, and hydroelectric) that give it 5,100 MW of generating capacity. The Santee Cooper Regional Water System distributes water to 125,000 consumers in the state. To read the full description, subscribe now.
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Key South Carolina Public Service Authority Financials
| Company Type | Government-owned Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $1,464.8 |
| 2007 Employees | 1,700 |
South Carolina Public Service Authority Executives
37 executives listed for South Carolina Public Service Authority's Moncks Corner, SC location.
| Title | Name & Bio | Contact |
| Chairman | O. L. Thompson | Network |
| First Vice Chairman | G. Dial Dubose | Network |
| Second Vice Chairman | Clarence Davis | Network |
Competition
Competitive Landscape for South Carolina Public Service Authority
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 South Carolina Public Service Authority Competitors
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