in News Departments > New & Noteworthy
print the content item

The U.S. utility industry will have to invest between $1.5 trillion and $2 trillion between 2010 and 2030 to maintain current levels of reliable energy service for customers throughout the country, according to a new report issued today by the Brattle Group, which provides consulting and expert testimony in economics, finance and regulation.

The findings are detailed in "Transforming America's Power Industry: The Investment Challenge 2010-2030." The report was presented by Peter Fox-Penner, a principal of the Brattle Group, at the Edison Electric Institute's 43rd Financial Conference. The report was sponsored by the Edison Foundation.

According to the report, all types of new generation capacity will be needed, including natural gas, coal, nuclear and renewables. Nearly 40 GW of new renewable capacity will be needed just to meet state requirements.

Significantly, capital spending to upgrade distribution and transmission facilities nationwide may surpass investment in new generation, the study found. Smart grid technologies to ramp up efficiency - along with new power lines to integrate renewable electricity sources - will account for much of that spending.

For more information, visit www.brattle.com.

SOURCE: The Brattle Group




Trachte Inc._id1770
Latest Top Stories

Sen. Grassley Makes Another Legislative Push For Wind PTC Extension

U.S. Sen. Chuck Grassley, a long-time wind power advocate, recently made an effort to bring attention to the importance of a production tax credit extension.


Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.

Navigant_id1983
Canwea_id1984
Renewable NRG_id1934