Universal Energy Group Ltd. · Toronto, ON Canada

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Company Description

25 Sheppard Ave. West,
Ste. 1700

Toronto, ON

M2N 6-S6

Canada (Map)

Phone: +1-416-673-1162

Fax: +1-416-673-4790

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Natural gas and electricity marketer Universal Energy Group doesn't sell its energy products universally, just in North America. Serving more than 1 million residential and commercial customers, the company offers natural gas and electricity services in Ontario, as well as natural gas services throughout British Columbia and in Michigan. The company operates primarily through its Universal Energy Corporation (Canada) and Universal Gas & Electric (US) subsidiaries, and earns nearly 65% of its revenue through its electricity products. It also operates an ethanol-producing facility through its majority-owned Terra Grain Fuels subsidiary. In 2009 Just Energy Income Fund acquired Universal Energy Group. To read the full description, subscribe now.

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Key Universal Energy Group Ltd. Financials

Company Type	Private Headquarters
Fiscal Year-End	September
2008 Sales (mil.)	$379.7
Employees	60

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Universal Energy Group Ltd. Executives

3 executives listed for Universal Energy Group Ltd.'s Toronto, ON location.

Title	Name & Bio	Contact
CEO; President, National Energy Corporation	Mark Silver	Email
SVP	Shawn Dym	Email
President, Terra Grain Fuels	Tim LaFrance	Email

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Competition

Competitive Landscape for Universal Energy Group Ltd.

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.

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Universal Energy Group Ltd. · Toronto, ON Canada

Company Description

Universal Energy Group Ltd. Reports

Key Universal Energy Group Ltd. Financials

Universal Energy Group Ltd. Executives

Competition

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