Government Industry Overview

Government agencies or government-related establishments

Full Government Industry Description

Consolidation

Consolidation

Use of Renewable Sources

The largest investor-owned utilities (IOUs) have gained significant market share over the past 15 years, mainly due to consolidation. The 10 largest IOUs own more than 50 percent of total IOU generation capacity. The application of "best practices" encourages consolidation, as does the need for large financial resources to fund more efficient generating capacity.

Larger utilities have easier access to capital, can apply "best practices" to all their local systems, and have greater resources to apply to the regulatory process for rate increases. Small systems are therefore often willing to be bought by large operators.

Issues concerning safety (nuclear); long-term cost (petroleum and natural gas); and greenhouse gases (coal) are complicating and making more expensive the approval process for new power plants. Federal and state legislatures are actively encouraging development of electric power from wind, solar, geothermal, and hydro sources. A number of states have set capacity targets for the amount of power produced using renewable sources.

Full Government Industry Trends

• Office of Special Education Programs
• 21st Century Workforce Office
• Adirondack Park Agency

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Government maps to a number of NAICS codes including:

Full Government Industry Codes