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The Empire District Electric Company (EDE)

24.65 0.08(0.32%) Sep 22, 4:00PM EDT
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The Empire District Electric Company
602 South Joplin Avenue
Joplin, MO 64801
United States - Map
Phone: 417-625-5100

Index Membership:N/A
Industry:Electric Utilities
Full Time Employees:751

Business Summary 

The Empire District Electric Company, together with its subsidiaries, is engaged in the generation, purchase, transmission, distribution, and sale of electricity in Missouri, Kansas, Oklahoma, and Arkansas. It operates in three segments: Electric, Gas, and Other. The Electric segment generates electricity from coal, natural gas, and hydro plants; and provides water service to 3 towns in Missouri. As of December 31, 2012, this segment served approximately 168,800 customers, which comprise residential, commercial, industrial, wholesale on-system, and wholesale off-system, as well as public authorities. It owned generating facilities with an aggregate generating capacity of 1,377 megawatts; transmission system consisting of approximately 22 miles of 345 kV lines, 441 miles of 161 kV lines, 745 miles of 69 kV lines, and 81 miles of 34.5 kV lines; and distribution system comprising approximately 6,882 miles of lines. This segment also owns and operates water pumping facilities and distribution systems consisting of a total of approximately 89 miles of water mains in 3 communities in Missouri. The Gas segment distributes natural gas to 48 communities and 377 transportation customers in northwest, north central, and west central Missouri. This segment serves approximately 44,000 customers. As of December 31, 2012, its principal gas utility properties consisted of approximately 87 miles of transmission mains and approximately 1,160 miles of distribution mains. The Other segment is involved in leasing fiber optics cable and equipment. The Empire District Electric Company was founded in 1909 and is based in Joplin, Missouri.

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Corporate Governance 
The Empire District Electric Company’s ISS Governance QuickScore as of Sep 1, 2014 is 8. The pillar scores are Audit: 1; Board: 5; Shareholder Rights: 10; Compensation: 8.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Bradley P. Beecher , 49
Chief Exec. Officer, Pres and Director
Ms. Laurie A. Delano , 59
Chief Financial Officer and VP of Fin.
Mr. Ronald F. Gatz , 64
Chief Operating Officer of Gas and VP
Ms. Kelly S. Walters , 49
Chief Operating Officer of Electric and VP
Mr. Robert W. Sager , 39
Principal Accounting Officer, Controller, Assistant Sec. and Assistant Treasurer
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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