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Leadership < About PowerSouth < PowerSouth Energy Cooperative
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
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.
Vice President &
Chief Financial Officer
"We've been successful in previous years ...
"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.
Finance & Administration
"Our credit ratings continue to have ...
"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
"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."
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