The European Union electricity supply sector represents a market share of over €150 billion annually, an annual investment of €30 billion Euros, while it employs over 750, 000 workers. The Electricity Supply Industry (ESIC) has a virtual monopoly in the European Union power supply industry, but the EU has decided to open up the market hence create competition for ESIC. In order for the power supply company, ESIC transform from a monopolistic system into a highly competitive market-oriented firm, it needs to radically overhaul its information management systems. This will involve the company adopting a modern information technology (IT) system that incorporates all the firm’s divisions including the financial, production, and marketing sectors.