Electric Utilities Face At Least $800 Billion Capital Outlays in Coming Decade
Electric Utilities Face At Least $800 Billion Capital Outlays in Coming Decade
Attachment: Chart - Historical and Near-Term Shareholder-Owned Utilities Capex, Chart - Estimated Levelized Cost of New Generation
BALTIMORE, MARYLAND--May 20, 2010--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Shareholder-owned electric utilities in the U.S. will have to spend at least $800 billion in the next decade to rebuild or replace much of the electric generating fleet and meet future growth in electric demand, Richard McMahon, the executive director of power supply for the Edison Electric Institute (Washington, D.C.), told about 1,000 attendees during Tuesday's keynote address at the 12th Annual Electric Power Conference & Exhibition in Baltimore.
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