Gulf Power Company

  • Overview

Pensacola power users patronize Gulf Power. The regulated utility, a subsidiary of The Southern Company, transmits and distributes electricity to more than 430,000 customers in eight counties in northwestern Florida. Gulf Power generates more than 2,660 MW of capacity from its fossil-fueled power plants, and it operates about 1,600 miles of transmission lines and more than 7,720 miles of distribution lines in its service territory. The utility, which serves more than 70 towns and cities, also provides wholesale electricity to two distributors in Florida, and it offers conservation programs, outdoor lighting, surge protection, and other energy-related products and services.

Geographic Reach

Gulf Power serves retail customers in northwest Florida and wholesale customers across the Southeast US.

Financial Performance

The company’s revenues dropped by 5% in 2012 primarily due to a 5.5% decline in retail revenues due to lower natural gas prices and lower energy sales as the result of milder-than-usual weather, partially offset by higher rates.

However, in 2012 Gulf Power’s net income increased by 19% due to lower fuel costs, lower purchased power costs, and lower taxes.

Strategy

As part of an industry push to reduce carbon emissions, Gulf Power offers a comprehensive energy efficiency program aimed at helping customers save money and energy while reducing greenhouse gases. The conservation initiative, called EarthCents, offers a menu of programs and educational efforts to reduce residential and commercial electricity consumption. The company has also reduced emission from its power plants by 85%, using scrubber systems at its coal-fired plants.

Ownership

Gulf Power is a subsidiary of The Southern Company.

Company Background

Furthering the green energy push, in 2010 Gulf Power constructed a 3,200 kilowatts gas-to energy plant which harnesses methane gas at its Perdido Landfill in Escambia County. The plant provides enough energy to power 900 homes.

The company was founded in 1925 through the purchase of the Pensacola Electric Company by Southeastern Power and Light Company.

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Gulf Power Company


1 Energy Pl
Pensacola, FL 32520-0001
Phone: 1 (850) 444-6111
Fax: 1 (850) 4446448
www.gulfpower.com

STATS


  • Employer Type: Subsidiary
  • Stock Symbol: GUA,
  • Stock Exchange: , NYSE
  • Chief Executive Officer: Stan Connally
  • Svp: Ellen Lindemann
  • Executive Vice-president: Charles McCrary

Major Office Locations

  • Pensacola, FL