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Last Update

2013-02-21T00:00:00.000Z

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Background Information

Employment History

Vice President and Chief Financial Officer
PowerSouth

Vice President and Chief Financial Pfficer
Opp

Vice President and Chief Financial Officer
Opp

Vice President, Secretary-Treasurer
Johnston Industries

Vice President and Chief Financial Officer
Micolas Mills , Inc.

Education

master's degree
business administration
Auburn University

bachelor's degree
accounting
Auburn University

Web References (9 Total References)


Leadership < About PowerSouth < PowerSouth Energy Cooperative

www.powersouth.com, 21 Feb 2013 [cached]

Ferrell Walton is PowerSouth's Vice President and Chief Financial Officer. He oversees the daily operations of the financial services division, which include annual budgeting, accounting, payroll, accounts payable, and cash management. He is responsible for external financial reporting, public credit ratings, long-term debt management and the cooperative's business insurance programs. Walton also oversees procurement services for the cooperative, as well as building facilities maintenance and warehouse supervision for the headquarter facilities.


PowerSouth Energy Cooperative

www.powersouth.com, 30 Sept 2010 [cached]

Ferrell Walton Ferrell Walton earned a bachelor's degree in accounting and a master's degree in business administration from Auburn University and is a certified public accountant. He served as Vice President, Secretary-Treasurer for Johnston Industries from 1993-1999. From 1973-1993 he served as Vice President and Chief Financial Pfficer for Opp and Micolas Mills, Inc. He was named as PowerSouth Vice President and Chief Financial Officer in January 2000.

Ferrell Walton Vice President & Chief Financial Officer


"We've been successful in previous years ...

www.powersouth.com, 1 Dec 2012 [cached]

"We've been successful in previous years at forecasting the costs associated with operating and maintaining our system," said Ferrell Walton, PowerSouth Vice President and Chief Financial Officer. "PowerSouth's personnel look at each expenditure and forecast item to ensure we're taking advantage of cost savings." In turn, those savings help make PowerSouth's mission of providing reliable, competitively priced wholesale power to our members a reality. In the 2013 budget, fuel and purchase power costs make up 56 percent, and fixed costs make up 18 percent of PowerSouth's total cost of electrical service. "While fuel and purchase power prices in the 2013 budget are up slightly from the 2012 proforma, these costs are lower than our 2012 budget, resulting in a decrease in our energy fuel rate from 41.12 mills to 39.39 mills," said Walton.

...
Ferrell Walton Finance & Administration


"Our credit ratings continue to have ...

www.powersouth.com, 1 Nov 2012 [cached]

"Our credit ratings continue to have a positive impact on PowerSouth's standing in the financial community," said Ferrell Walton, PowerSouth Vice President and Chief Financial Officer.


A- CREDIT RATING TO BENEFIT POWERSOUTH FINANCES < News Center < PowerSouth Energy Cooperative

www.powersouth.com, 5 Mar 2007 [cached]

"The rating increase will have a positive impact on PowerSouth's standing in the financial community," said Ferrell Walton, PowerSouth Vice President and Chief Financial Officer. "There is a world of difference in financial markets between an A and a B rating."

Walton said the rating will reduce PowerSouth's interest rates on current borrowings of variable-rate mode debts and would definitely have a significant effect on future borrowings, particularly bonds.
"Being upgraded to an A- is a major step," he said.

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