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Hi, need to submit a 2000 words essay on the topic Oklahoma Gas and Electric Company.Download file to see previous pages... The goals of the company also involve meeting individual needs of consumers
Hi, need to submit a 2000 words essay on the topic Oklahoma Gas and Electric Company.
Download file to see previous pages...The goals of the company also involve meeting individual needs of consumers in regards to the demands for energy services. The company has already taken promising actions towards the fulfillments of this particular mission by designing efficient energy management solutions for the end users and the customers Apart from that, the Oklahoma Gas And Electric Company is also focused towards the balancing of increase in load and in an effort to achieve this mission, the company is focusing its attention towards the maintenance of the existing infrastructures while replacing worn out ones. The company is keenly dedicated towards compliance with regulatory as well as legislative and regulative relationships. Through the accomplishments of the missions which are designed for the short term, the company is actively looking forward towards the achieving of its long term vision. The vision of the company is to actively defer the accusation plans for new plants that are focused towards the extraction of fossil fuel till the year of 2020 (Oklahoma, 2011). Market Demands The market demand for a sector is evaluated on the basis of the demand supply scenario, industry competitiveness, the economic factors as well as the level of elasticity. The US Energy Information Association has predicted that due to fall in energy prices, there will be a significant fall in energy retail prices. The association has projected that the average amount of crude oil production will be around 6.3 million barrels per day (US EIA, 2012). The Oklahoma Gas and Electric Company have been in the forefront of facing competition from various forms of government as well as municipal entities which own electrical systems due to the implication arising from the Oklahoma law concerning electricity distribution. The company also stands to face competition from electric cooperatives from rural regions as well as various private entities such as utilities, power marketers and cogenerators. The legislation and regulatory based initiatives and decisions implemented by the state as well as the federal agencies have significant level of impact on the costs of doing businesses in this particular market. The impact of these government based frameworks has a dominant effect on the rate structures, besides having a significant impact on the competition in this particular market. The company faces significant level of competition from some major companies like NiSource Inc, South Carolina Electric &. Gas Company, Wisconsin Energy Corporation and Pepco Holdings Inc. The output from the industrial sector has grown quite slowly as compared to the other sectors thereby reducing the consumption coming from this sector. This can be attributed to low demand due to the economic crisis in various countries.
