December 21, 2014 8:19 AM ET

Electric Utilities

Company Overview of Gulf Power Company

Company Overview

Gulf Power Company, a vertically integrated utility company, is engaged in the generation, purchase, transmission, distribution, and sale of electricity to retail customers in Northwest Florida and to wholesale customers in the southeast Florida. The company generates electricity through natural gas and coal. It sells electricity at retail in 71 communities, including Pensacola, Panama City, and Fort Walton Beach, as well as in rural areas; and at wholesale to a non-affiliated utility. The company was founded in 1925 and is based in Pensacola, Florida. Gulf Power Company is a subsidiary of The Southern Company.

One Energy Place

Pensacola, FL 32520

United States

Founded in 1925

1,410 Employees

Phone:

850-444-6111

Key Executives for Gulf Power Company

Chief Executive Officer
Age: 44
Chief Financial Officer and Vice President
Age: 43
Chairman of The Southern Company
Age: 57
Corporate Secretary
Assistant Secretary
Compensation as of Fiscal Year 2014.

Gulf Power Company Key Developments

Gulf Power Company Announces Retirement of John Hutchinson as Director of Community and Economic Development

Gulf Power Company has announced the retirement of John Hutchinson as director of community and economic development. In his current role, he is responsible for the company's job creation, community building and charitable and civic programs as well as ensuring the company maintains strategic and credible relationships with key community stakeholders. Before taking over economic development, John served as the face of Gulf Power as director of Corporate Communications for 22 years.

Gulf Power Company Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Gulf Power Company announced earnings results for the second quarter and six months ended June 30, 2014. for the second quarter, operating revenues were $384 million against $371 million for the same period in the last year. Earnings before income taxes was $58 million against $55 million for the same period in the last year. Net income available to common was $34 million against $33 million for the same period in the last year. For the six months, operating revenues were $791 million against $697 million for the same period in the last year. Earnings before income taxes was $120 million against $92 million for the same period in the last year. Net income available to common was $71 million against $54 million for the same period in the last year.

Environmental Groups Files Lawsuit against Gulf Power Co

Environmental groups filed a lawsuit against Gulf Power Co. in federal court, alleging that a coal ash impoundment at a Florida Panhandle power plant has been polluting a nearby river with toxic heavy metals for years. The groups, including Earthjustice, Waterkeeper Alliance and the Southern Alliance for Clean Energy, compared the ash ponds at the 92-MW Scholz coal-fired plant to a Duke Energy Corp.-owned site that gained national attention this year when it seeped tens of thousands of tons of waste from coal combustion into the Dan River in North Carolina.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 27, 2014
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