US Department of Energy · Washington, DC United States
Company Description
Phone: 202-586-5575
Fax: 202-586-4403
Toll Free: 800-342-5363
View US Department of Energy Locations On A US Map
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This link will open in a new window It takes a lot of energy to protect our country's national security. That's why there's the US Department of Energy. The DOE was established in 1977 by former president Jimmy Carter at a time when the US was facing a severe winter and fuel shortages which caused factory and school closings and threatened residential cutoffs. The cabinet-level department is a combination of about 10 program offices. The DOE has four primary goals: to promote a diverse supply of environmentally safe energy, conduct scientific research, ensure nuclear security, and dispose of high-level radioactive waste. To read the full description, subscribe now.
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Key US Department of Energy Financials
| Company Type | Government Agency Headquarters |
| Employees | 14,850 |
US Department of Energy Executives
91 executives listed for US Department of Energy's Washington, DC location.
| Title | Name & Bio | Contact |
| Secretary of Energy | Steven Chu | Network |
| Deputy Secretary | Daniel Poneman | Network |
| CFO | Steven Isakowitz | Network |
Competition
Competitive Landscape for US Department of Energy
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 US Department of Energy Competitors
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