The Cleveland Electric Illuminating Company · Akron, OH United States
Company Description
Phone: 800-646-0400
Fax: 330-384-3866
Toll Free: 800-646-0400
View The Cleveland Electric Illuminating Company Locations On A US Map
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This link will open in a new window The Cleveland Electric Illuminating Company (CEI) has a glowing reputation. The utility, commonly referred to as The Illuminating Company, distributes electricity to a base population of about 1.8 million inhabitants of northeastern Ohio. CEI has 25,320 miles of distribution lines and more than 2,140 miles of transmission lines. The utility also has more than 4,470 MW of generating capacity from interests in fossil-fueled and nuclear power plants (which are operated by fellow FirstEnergy subsidiaries), and it engages in wholesale energy transactions with other power companies. To read the full description, subscribe now.
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Key The Cleveland Electric Illuminating Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $1,815.9 |
| Employees | 1,010 |
The Cleveland Electric Illuminating Company Executives
23 executives listed for The Cleveland Electric Illuminating Company's Akron, OH location.
| Title | Name & Bio | Contact |
| CEO and Director | Anthony Alexander | Network |
| Regional President | Dennis Chack | Network |
| President and Director | Richard Grigg | Network |
Competition
Competitive Landscape for The Cleveland Electric Illuminating 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 The Cleveland Electric Illuminating Company Competitors
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