ABB_id2059
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



IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015