- Published: February 2012
- Region: China
Electric Power Generation in the US
- ID: 1052426
- October 2014
- Region: United States
- 10 Pages
- First Research
Brief Excerpt from Industry Overview Chapter:
Companies in this industry operate electric power generation facilities that convert other forms of energy, such as fossil fuels, nuclear, water, wind, and solar power, into electrical energy. Major companies include American Electric Power, AES, Dominion Resources, Duke Energy, Exelon, and Tennessee Valley Authority (all based in the US); China HuaNeng Group and China Power; E. ON (Germany); Tokyo Electric Power Company; and Inter RAO (Russia).
The global electricity industry generates about 22 trillion kilowatt hours (KWh) of electricity. The leading countries in electricity generation are China, the US, Russia, and India. About 20 percent of the world's population does not have access to electricity, resulting in an unmet demand that will fuel industry growth in areas like India and Africa.
The US electric power generation industry consists of about 480 companies with combined annual revenue of about $118 billion. Key growth drivers include renewable power generation and further development of electric vehicles.
Government entities and cooperatives that own generating plants are not included in the industry. Companies that transmit and distribute electricity are covered in the Electric Power Transmission, Distribution & Marketing industry profile. Companies that generate electricity only from wind are covered in the Wind Power Generation profile. Companies that generate electricity only from the sun are covered in the Solar Power Generation profile.
Demand is driven by commercial, government, and residential needs for electrical power, which depend mainly on economic activity and population growth. Profitability...
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