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Exclusive Corporate feature. Corporate Account. Statista Accounts: Access All Statistics. Basic Account. The ideal entry-level account for individual users. Corporate solution including all features. Statistics on " NextEra Energy " The most important statistics. The most important statistics. Further related statistics. Further Content: You might find this interesting as well. Topics NextEra Energy. Pearl Street Station , built by the Edison Illuminating Company , which was led by Thomas Edison, was the first electric distribution utility in the nation.
It began operating in Lower Manhattan, New York, in Before Pearl Street, Americans who wanted electricity in their homes had to have a generator. This modern electricity distribution method spread to other city centers and densely populated areas. In smaller cities and towns, local governments began setting up their own electric distribution utilities.
By the late s and early s, municipalities ran most utilities, and more than 3, existed by Later, technological improvements in generation and transmission made smaller plants uneconomical, and many cities sold their equipment and transferred their customers to IOUs. The Rural Electrification Act of was a federal loan program that provided electricity to rural populations.
Farmer cooperatives quickly started forming to bring electricity to communities not covered by IOUs or municipal utilities. Co-ops are still most prevalent in rural areas today. Published on August 19, by Kevin Randolph. Investor-owned utilities serve three out of every four utility customers in the United States, according to the U.
According to EIA, almost 3, electric distribution companies were operating in the United States in EIA groups utilities into three ownership types: investor-owned utilities, publicly run or managed utilities and cooperatives. Investor-owned utilities make up a relatively small portion of utilities but are typically very large. Investor-owned utilities IOUs are large electric distributors that issue stock owned by shareholders.
They are most common in heavily populated areas on the East and West coasts. In , IOUs served an average of , electric customers.
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