Wolverine Power Supply Cooperative, Inc. · Cadillac, MI United States
Company Description
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This link will open in a new window Named after a voracious carnivore, Wolverine Power Supply Cooperative makes sure that that voracious consumer of electricity -- the American public -- gets the power its needs. The non-profit company is an electric generation and transmission utility that provides services to five member distribution cooperatives in Michigan. Wolverine Power Supply Cooperative monitors and operates 1,600 miles of bulk transmission lines and owns five power plants that generate 200 megawatts of capacity. It also maintains about 130 distribution substations and 36 transmission stations, as well as purchases power (including windpower energy) from other utilities and marketers to distribute to its customers. To read the full description, subscribe now.
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Key Wolverine Power Supply Cooperative, Inc. Financials
| Company Type | Private - Cooperative Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $239.7 |
| Employees | 102 |
Wolverine Power Supply Cooperative, Inc. Executives
23 executives listed for Wolverine Power Supply Cooperative, Inc.'s Cadillac, MI location.
| Title | Name & Bio | Contact |
| Chairman | Frederick Vermeersch | Network |
| Vice Chairman | Jerry Akers | Network |
| President and CEO | Eric Baker | Network |
Competition
Competitive Landscape for Wolverine Power Supply Cooperative, Inc.
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 Wolverine Power Supply Cooperative, Inc. Competitors
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