No Shortage of Capital for Electric Transmission Projects that Secure Permits
Attachment: power trend, EEI
SUGAR LAND--July 1, 2016--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Developers plan to invest an enormous amount of money in electric transmission projects in the U.S. and Canada over the next few years, but the availability of capital will not be a limiting factor in building new projects, speakers told the Fifth Annual TransForum West conference in Denver this week. According to data compiled by TransmissionHub, about $24.6 billion of transmission projects are under construction in the U.S. and Canada. Looking forward, capital investments will average $20.3 billion per year between 2016 and 2020, with investment demands in some years spiking to about $30 billion, Kent Knutson, director of hubs services for PennWell Corporation (Tulsa, Oklahoma), told about 75 conference attendees this week. Within this article: Also includes statements from Josh Batchelder, regional vice president of CoBank; Mitchell Ferguson, associate director of U.S. energy infrastructure at Standard & Poor's; and Robert Smith, vice president of transmission development for TransCanyon. Additional companies: Public Service Electric & Gas (NYSE:PEG), Edison International (NYSE:EIX), American Electric Power (NYSE:AEP), Xcel Energy Incorporated (NYSE:XEL), Dominion Resources Incorporated (NYSE:D), FirstEnergy Corporation (NYSE:FE) and Pacific Gas & Electric (NYSE:PCG).
