Definitions for "Generation Company"
A company that owns and/or operates and maintains power generation plants. May also be referred to as a power company.
A GENCO is a regulated or non- regulated entity that operates and maintains existing generating plants.
A regulated or non-regulated entity (depending upon the industry structure) that, in a restructured environment, would operate and maintain generating plants. The Genco may own the generation plants or interact with the short-term market on behalf of plant owners. Genco is sometimes used to describe a specialized "marketer" for the generating plants formerly owned by a vertically integrated utility.
A company that produces electricity.