Sacramento Municipal Utility District · Sacramento, CA United States
Company Description
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This link will open in a new window The Sacramento Municipal Utility District (SMUD) doesn't want its name to be mud. One of the largest locally owned electric utilities in the US, SMUD serves about 590,000 residential and commercial customers in California's Sacramento and Placer counties. The utility generates half of its electricity (its 1,300-MW capacity is derived primarily from hydroelectric and cogeneration power plants) and buys the rest. SMUD also sells power to wholesale customers, and has one of the US's largest solar energy distribution systems. In response to market deregulation and the industrywide push for carbon emission reduction, SMUD has increased its generation capacity, placing a priority on renewable energy sources. To read the full description, subscribe now.
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Key Sacramento Municipal Utility District Financials
| Company Type | Government-owned Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $1,486.7 |
| Employees | 2,213 |
Sacramento Municipal Utility District Executives
20 executives listed for Sacramento Municipal Utility District's Sacramento, CA location.
| Title | Name & Bio | Contact |
| President, Board of Directors | Howard Posner | Network |
| VP, Board of Directors | William Slaton | Network |
| General Manager and CEO | John DiStasio | Network |
Competition
Competitive Landscape for Sacramento Municipal Utility District
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 Sacramento Municipal Utility District Competitors
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