Electric Energy, Inc. · Joppa, IL United States
Company Description
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This link will open in a new window It does not take a genius to figure out what business Electric Energy (EEI) is involved in. The company generates 1,000 MW of electric capacity at its coal-fired power plant in Joppa, Illinois (which began operating in 1953), and 74 MW at it natural gas-fired facility (which commenced operations in 2000) at the same location. The independent producer sells its power output to its shareholders. The Missouri-based utility holding company Ameren holds an 80% stake in EEI; Kentucky Utilities (a subsidiary of LG&E Energy ) owns the remaining 20% of the company. To read the full description, subscribe now.
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Key Electric Energy, Inc. Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $514.3 |
| Employees | 263 |
Electric Energy, Inc. Executives
6 executives listed for Electric Energy, Inc.'s Joppa, IL location.
| Title | Name & Bio | Contact |
| President | Robert Powers | Network |
| VP | William Sheppard | Network |
| Purchasing Supervisor | Buford Stout | Network |
Competition
Competitive Landscape for Electric Energy, 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 Electric Energy, Inc. Competitors
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