PHOTO CAPTION: PowerSouth Energy Cooperative, headquartered in Andalusia, AL, employs 624 employees at eight locations. The cooperative serves the wholesale energy needs of 16 electric cooperatives and four municipal electric systems in Alabama and northwest Florida.
ANDALUSIA, ALA.
– In a year filled with economic rises and falls resembling a roller coaster, Alabama’s own PowerSouth Energy Cooperative rose on two rankings released by state and national media in recent weeks.
Business Alabama magazine, based in Mobile, compiled a list of the state’s 100 largest privately owned companies, and PowerSouth rose in rank from 16 in 2008 to 8 in 2009. Additionally, the National Consumer Cooperative Bank (NCB) ranked PowerSouth 73 in its top 100 cooperatives in America for 2009, compared to PowerSouth’s 75th ranking on NCB’s 2008 list.
“The climb up the ranks on both lists is indicative of our effort to serve our distribution members effectively and with a mind for economic development,” says Seth Hammett, PowerSouth Vice President of Business Development. “PowerSouth strives to be an excellent corporate citizen in every way possible.”
The Business Alabama listing was compiled using information provided by Standard & Poor’s and Dunn & Bradstreet, both providers of credit information on businesses. The companies were ranked by revenue for the most-recently completed fiscal year. All companies listed are either based in Alabama or are wholly owned Alabama-based subsidiaries. PowerSouth is headquartered in Andalusia, Ala.
Each year the NCB announces the top 100 cooperatives in America, highlighting the business activity and economic power of the member-owned, member controlled businesses. As the only report of its kind, the NCB ranking is an important indicator of cooperative business activity.
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About PowerSouth:
PowerSouth serves the wholesale energy needs of 16 electric cooperatives and four municipal electric systems in Alabama and northwest Florida, with more than a million consumers in 39 Alabama and 10 Florida counties. PowerSouth is dedicated to providing reliable energy at the lowest possible cost to its members.
For more information:
Mark Ingram, Corporate Communication Manager
334.427.3330
mark.ingram@powersouth.com
www.powersouth.com
PowerSouth is an EEO and AAP employer