US Power Generating Company · New York, NY United States
Company Description
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This link will open in a new window USPowerGen works to keep the lights on from the Bronx to Staten Island and from Beacon Hill to Hyde Park. The company's New York City and Boston power-generation facilities include nearly 60 generating units delivering more than 5,000 megawatts annually. The plants are primarily natural gas fed but more than half can also use other fossil fuel sources, allowing USPowerGen to switch to the most cost-effective raw material. The company sells electricity as well as capacity (utilities are required to carry extra capacity), and ancillary services including automatic generation control, operating reserves, reactive supply, and voltage support. USPowerGen was formed in 2007 and filed to go public in 2008.
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Key US Power Generating Company Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $1,182.7 |
| 2007 Employees | 400 |
US Power Generating Company Executives
19 executives listed for US Power Generating Company's New York, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Mark Sudbey | Network |
| EVP and CFO | Jeff Hunter | Network |
| EVP, General Counsel, and Secretary | Belinda Foxworth | Network |
Competition
Competitive Landscape for US Power Generating 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 US Power Generating Company Competitors
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