Panda Energy International
Encyclopedia
Panda Energy International, Inc.
is an American
privately held company that constructs, maintains and operates environmentally friendly
power plants
, with the name of the company a reference to the endangered
Giant Panda
. The company is headquartered in Dallas, Texas
. It is a division of The Panda Group.
, which introduced favorable surplus disposal measures for small-scale commercial energy producers. The Carter family have owned a controlling stake in the company ever since, making Panda Energy a family business
.
Robert W. Carter has been the Chairman of the Board and Chief Executive Officer of Panda Energy International Inc. (Panda International), holding Company of Panda Interfunding Corp. and Panda Funding Corp. since January 1995 and serves as President. Mr. Carter serves as Manager of Panda Rosemary, LLC. He serves as the Chairman and Chief Executive Officer of Panda Global Energy Company. He has held similar Chief Executive positions with Panda Energy Corporation ('PEC'), a subsidiary of Panda International and its subsidiaries since he founded PEC in 1982. Mr. Carter also is President of Robert Carter Oil & Gas, Inc. (an oil and Gas exploration company), which he founded in 1980. From 1978 to 1980, Mr. Carter was Vice President of oil and gas lease sales for Reserve Energy Corporation (an oil and gas exploration company). From 1974 to 1978, he served as a marketing consultant to Forward Products, Inc. (a petrochemical company). Mr. Carter was Executive Vice President of Blasco Industries (a Chemical and Textile Manufacturer) from 1970 to 1974. He served as a sales representative and Sales Manager for Olin Mathieson Chemical Corporation (a petrochemical, pulp and paper company) from 1965 to 1970. From 1960 to 1965, he was a sales representative for Inland, Mead Paper Company in Atlanta. He has been the Chairman and Director of Panda Ethanol Inc. since November 6, 2006. Mr. Carter serves as Director of Panda Energy International Inc. Mr. Carter attended the University of Georgia.
) of the Nashville, Tennessee
-based professional wrestling
promotion
Total Nonstop Action Wrestling
from founder and CEO
Jerry Jarrett
. The seemingly unlikely acquisition came about after Dixie Carter, the daughter of Robert W. Carter and a TNA publicist
, contacted her father and persuaded him to purchase the company (which was facing bankruptcy
after a major financial backer, HealthSouth Corporation, withdrew their support).
On October 31, 2002, Panda Energy created the limited liability company
TNA Entertainment in order to administer TNA. While Jeff Jarrett
, the former President
of TNA, was appointed Vice President
, the majority of other management positions were filled by former Panda executives. Chris Sobol, the Panda Manager of Business Development, was appointed Vice President of Operations, and Frank Dickerson (and later Kevin Day) was appointed chief executive officer, while Dixie Carter was made President.
Corporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...
is an American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
privately held company that constructs, maintains and operates environmentally friendly
Environmentally friendly
Environmentally friendly are terms used to refer to goods and services, laws, guidelines and policies claimed to inflict minimal or no harm on the environment....
power plants
Power station
A power station is an industrial facility for the generation of electric energy....
, with the name of the company a reference to the endangered
Endangered species
An endangered species is a population of organisms which is at risk of becoming extinct because it is either few in numbers, or threatened by changing environmental or predation parameters...
Giant Panda
Giant Panda
The giant panda, or panda is a bear native to central-western and south western China. It is easily recognized by its large, distinctive black patches around the eyes, over the ears, and across its round body. Though it belongs to the order Carnivora, the panda's diet is 99% bamboo...
. The company is headquartered in Dallas, Texas
Dallas, Texas
Dallas is the third-largest city in Texas and the ninth-largest in the United States. The Dallas-Fort Worth Metroplex is the largest metropolitan area in the South and fourth-largest metropolitan area in the United States...
. It is a division of The Panda Group.
History
Panda Energy was founded by current chairman Robert W. Carter in 1982. The creation of the company was a direct result of the passage of the 1978 Public Utility Regulatory Policies ActPublic Utility Regulatory Policies Act
The Public Utility Regulatory Policies Act is a law, passed in 1978 by the United States Congress as part of the National Energy Act. It is meant to promote greater use of domestic renewable energy...
, which introduced favorable surplus disposal measures for small-scale commercial energy producers. The Carter family have owned a controlling stake in the company ever since, making Panda Energy a family business
Family business
A family business is a business in which one or more members of one or more families have a significant ownership interest and significant commitments toward the business’ overall well-being....
.
Robert W. Carter has been the Chairman of the Board and Chief Executive Officer of Panda Energy International Inc. (Panda International), holding Company of Panda Interfunding Corp. and Panda Funding Corp. since January 1995 and serves as President. Mr. Carter serves as Manager of Panda Rosemary, LLC. He serves as the Chairman and Chief Executive Officer of Panda Global Energy Company. He has held similar Chief Executive positions with Panda Energy Corporation ('PEC'), a subsidiary of Panda International and its subsidiaries since he founded PEC in 1982. Mr. Carter also is President of Robert Carter Oil & Gas, Inc. (an oil and Gas exploration company), which he founded in 1980. From 1978 to 1980, Mr. Carter was Vice President of oil and gas lease sales for Reserve Energy Corporation (an oil and gas exploration company). From 1974 to 1978, he served as a marketing consultant to Forward Products, Inc. (a petrochemical company). Mr. Carter was Executive Vice President of Blasco Industries (a Chemical and Textile Manufacturer) from 1970 to 1974. He served as a sales representative and Sales Manager for Olin Mathieson Chemical Corporation (a petrochemical, pulp and paper company) from 1965 to 1970. From 1960 to 1965, he was a sales representative for Inland, Mead Paper Company in Atlanta. He has been the Chairman and Director of Panda Ethanol Inc. since November 6, 2006. Mr. Carter serves as Director of Panda Energy International Inc. Mr. Carter attended the University of Georgia.
Total Nonstop Action Wrestling
In October 2002, Panda Energy purchased a controlling interest (72%Percentage
In mathematics, a percentage is a way of expressing a number as a fraction of 100 . It is often denoted using the percent sign, “%”, or the abbreviation “pct”. For example, 45% is equal to 45/100, or 0.45.Percentages are used to express how large/small one quantity is, relative to another quantity...
) of the Nashville, Tennessee
Nashville, Tennessee
Nashville is the capital of the U.S. state of Tennessee and the county seat of Davidson County. It is located on the Cumberland River in Davidson County, in the north-central part of the state. The city is a center for the health care, publishing, banking and transportation industries, and is home...
-based professional wrestling
Professional wrestling
Professional wrestling is a mode of spectacle, combining athletics and theatrical performance.Roland Barthes, "The World of Wrestling", Mythologies, 1957 It takes the form of events, held by touring companies, which mimic a title match combat sport...
promotion
Professional wrestling promotion
A professional wrestling promotion is a company or business that regularly performs shows involving professional wrestling. Promotion also describes a role which entails management, advertising and logistics of running a wrestling event...
Total Nonstop Action Wrestling
Total Nonstop Action Wrestling
Total Nonstop Action Wrestling is a privately held professional wrestling promotion founded by Jeff Jarrett and Jerry Jarrett. The company broadcasts its events on television and the Internet fifty two weeks a year with over a million weekly viewers on its primary television program, Impact...
from founder and CEO
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
Jerry Jarrett
Jerry Jarrett
Jerry W. Jarrett is an American promoter and former professional wrestler, and the father of wrestler Jeff Jarrett. He is the co-founder and former part-owner of Total Nonstop Action Wrestling...
. The seemingly unlikely acquisition came about after Dixie Carter, the daughter of Robert W. Carter and a TNA publicist
Publicist
A publicist is a person whose job is to generate and manage publicity for a public figure, especially a celebrity, a business, or for a work such as a book, film or album...
, contacted her father and persuaded him to purchase the company (which was facing bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
after a major financial backer, HealthSouth Corporation, withdrew their support).
On October 31, 2002, Panda Energy created the limited liability company
Limited liability company
A limited liability company is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions...
TNA Entertainment in order to administer TNA. While Jeff Jarrett
Jeff Jarrett
Jeffrey Leonard Jarrett is an American professional wrestler and wrestling promoter. He is currently signed to Total Nonstop Action Wrestling , an organization he co-founded along with his father and in which he holds some stock but not total control...
, the former President
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
of TNA, was appointed Vice President
Vice president
A vice president is an officer in government or business who is below a president in rank. The name comes from the Latin vice meaning 'in place of'. In some countries, the vice president is called the deputy president...
, the majority of other management positions were filled by former Panda executives. Chris Sobol, the Panda Manager of Business Development, was appointed Vice President of Operations, and Frank Dickerson (and later Kevin Day) was appointed chief executive officer, while Dixie Carter was made President.