Cogentrix Energy, LLC · Charlotte, NC United States
Company Description
View Cogentrix Energy, LLC Locations On A US Map
This link will open in a new window
This link will open in a new window Tricks are for kids, but Cogentrix Energy serves up a power treat for customers, albeit a small one, through its electric generating facilities.The company develops, owns, and operates a handful of independent power plants, located primarily in the US. Cogentrix Energy once had a net operational generating capacity of about 4,900 MW from its stakes in 27 coal- and gas-fired facilities, but sold most of these after New York-based investment firm Goldman Sachs Group acquired the company in 2007. The investment firm has Cogentrix Energy looking for new energy opportunities beyond the US power plant industry. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Cogentrix Energy, LLC Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Employees | 578 |
Cogentrix Energy, LLC Executives
13 executives listed for Cogentrix Energy, LLC's Charlotte, NC location.
| Title | Name & Bio | Contact |
| President | Larry Kellerman | Network |
| SVP Finance and Treasury and CFO | John O'Connor | Network |
| CIO | Charlie Poppe | Network |
Competition
Competitive Landscape for Cogentrix Energy, LLC
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 Cogentrix Energy, LLC Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!