Westmoreland Coal Company · Colorado Springs, CO United States ·(NYSE Alternext: WLB)
Company Description
Phone: 719-442-2600
Fax: 719-219-2594
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This link will open in a new window Westmoreland Coal is ready to take its lumps -- of coal, that is. Through its subsidiaries, Westmoreland Coal produces about 30 million tons of coal annually from mines in Montana, North Dakota, and Texas. It controls about 425 million tons of proved and probable coal reserves. Pretty much all of the company's coal is sold to power producers; less than 1% was sold to industrial companies. Some of Westmoreland Coal's customers maintain power generation facilities adjacent to its mines. In addition to its coal business, Westmoreland owns the Roanoke Valley (or ROVA) power plants, which have a capacity of 230 MW, in North Carolina. The plants supply power under long-term agreements with Dominion Virginia Power . To read the full description, subscribe now.
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Key Westmoreland Coal Company Financials
| Company Type | Public - NYSE Alternext: WLB Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $509.7 |
| 2008 Employees | 1,119 |
Westmoreland Coal Company Executives
15 executives listed for Westmoreland Coal Company's Colorado Springs, CO location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | Keith Alessi | Network |
| CFO | Kevin Paprzycki | Network |
| VP Corporate Relations and Secretary | Diane Jones | Network |
Competition
Competitive Landscape for Westmoreland Coal 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 Westmoreland Coal Company Competitors
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