The Detroit Edison Company · Detroit, MI United States
Company Description
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This link will open in a new window Ford Motors is not the only powerhouse operating in Detroit. Detroit Edison generates and distributes electricity to 2.2 million customers in Michigan. The utility, a unit of regional power player DTE Energy , has more than 11,000 MW of generating capacity from its interests in fossil-fueled, nuclear, and hydroelectric power plants. It operates more than 44,000 circuit miles of distribution lines and owns and operates about 680 distribution substations. Detroit Edison also sells excess power to wholesale customers; it also provides coal transportation services. To read the full description, subscribe now.
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Key The Detroit Edison Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $4,874.0 |
| Employees | 4,682 |
The Detroit Edison Company Executives
12 executives listed for The Detroit Edison Company's Detroit, MI location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Anthony Earley | Network |
| President and COO | Steven Kurmas | Network |
| EVP, CFO, and Director | David Meador | Network |
Competition
Competitive Landscape for The Detroit Edison 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 Detroit Edison Company Competitors
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