U.S. Utilities Rev Up Transmission & Distribution Spending in Third Quarter
Attachment: US-T&D-3Q21
SUGAR LAND--May 28, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Across the U.S., major utilities are investing more in adding and improving their electric distribution systems, according to the U.S. Energy Information Administration (EIA), including a record $57.4 billion in 2019. These investments are outpacing customer growth and retail sales, as utilities are increasingly focused on replacing outdated equipment and fortifying distribution structures against weather-related damage. And the buildout continues: Industrial Info is tracking more than $4.3 billion worth of transmission and distribution (T&D) projects that are slated to kick off across the U.S. in third-quarter 2021, more than $2.8 billion of which is attributed to projects in the Midwestern and Southwestern regions.
Within this article: Details on some of the highest-valued T&D projects set to begin construction across the U.S. in third-quarter 2021, including those from major companies such as American Transmission Company LLC, WEC Energy Group Incorporated (NYSE:WEC), Public Service Company of Colorado, Xcel Energy Incorporated (NASDAQ:XEL), GridLiance GP LLC and NextEra Energy Incorporated (NYSE:NEE).
Other companies featured: The Blackstone Group (NYSE:BX)
