September 27, 2016 9:37 AM ET

Electric Utilities

Company Overview of Gulf Power Company

Company Overview

Gulf Power Company, a vertically integrated utility company, engages 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 Southern Company.

One Energy Place

Pensacola, FL 32520

United States

Founded in 1925

1,391 Employees

Phone:

850-444-6111

Key Executives for Gulf Power Company

Chairman, Chief Executive Officer and President
Age: 47
Chief Financial Officer and Vice President
Age: 46
Chairman of the Southern Company, Chief Executive Officer of The Southern Company and President of The Southern Company
Age: 59
Corporate Secretary
Assistant Secretary
Compensation as of Fiscal Year 2016.

Gulf Power Company Key Developments

Gulf Power Co. Wins $9,804,275 Task Order

Gulf Power Co. was awarded a $9,804,275 task order by the U.S. Naval Facilities Engineering Command for preliminary assessment and investment grade audit services to determine energy improvements at the U.S. Naval Air Station Whiting Field. The place of performance will be in Milton, Florida.

Gulf Power Company Provides Revenue Guidance for the Fiscal Year Ending December 31, 2017

Gulf Power Company provided revenue guidance for the fiscal year ending December 31, 2017. The company currently estimates that it will request an increase in annual revenues of approximately $115 million to $125 million effective in July 2017.

Gulf Power Reports Earnings Results for the First Quarter Ended March 31, 2016

Gulf Power reported earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported operating revenue of $335 million against $357 million a year ago. Earnings before income taxes were $51 million against $62 million a year ago. Net income available to common shareholders was $29 million against $37 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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