South Central Power Company · Lancaster, OH United States
Company Description
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This link will open in a new window Although South Central Power Company may sound like a power plant in Watts, Los Angeles, it is in fact a member-owned cooperative that provides electricity to consumers and businesses in southern Ohio. An affiliate of the nationwide Touchstone Energy Cooperative network, the electric cooperative provides power to more than 110,000 customers over more than 11,000 miles of power lines. In addition to distributing electricity, South Central Power also provides outdoor lighting, surge suppression products, security systems, water heater switches, and other energy-related services. To read the full description, subscribe now.
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Key South Central Power Company Financials
| Company Type | Private - Cooperative Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $192.3 |
| Employees | 242 |
South Central Power Company Executives
7 executives listed for South Central Power Company's Lancaster, OH location.
| Title | Name & Bio | Contact |
| President and CEO | Ralph Luffler | Network |
| VP Operations | John Sayre | Network |
| EVP | Ajit Kadakia | Network |
Competition
Competitive Landscape for South Central Power Company
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 Central Power Company Competitors
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