Brief Excerpt from Industry Overview Chapter:
Companies in this industry generate, transmit, and distribute electric power. Major companies include Duke Energy, Exelon, and Southern Company (all based in the US), as well as EON (Germany), EDF (France), Enel (Italy), and TEPCO (Japan).
Although deregulation has altered power markets in many nations, electric utilities often continue to operate as unofficial monopolies in a given service territory. A growing number of countries have deregulated or are moving to deregulate their energy markets, including Australia, Canada, France, Germany, Japan, India, Italy, Portugal, Russia, Spain, the UK, and the US. The intended purpose of moving toward a less-regulated electricity market is to decrease the cost of electricity by fostering competition among producers. One practical effect is the divestment of generation facilities by many investor-owned and government-owned utilities.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major services include electric power transmission, control, and distribution (about 70% of US industry revenue); and electric power generation (30%). The electric power generation segment can be further broken down by power source. Most commercial power comes from turbine engines powered by steam produced by burning fossil fuels, mainly coal and natural gas. Other power sources include steam from nuclear reactors; conventional hydroelectric conversion; and renewable sources such as solar, wind, and geothermal. Natural gas was the top fuel source for US power producers in 2018, representing 35% of the fuel mix compared to 27% for coal. Other sources and shares for 2018 included nuclear, 19%;...
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