Federal Laws Will Drive Huge Capital Outlays by U.S. Power Industry

Federal Laws Will Drive Huge Capital Outlays by U.S. Power Industry

Federal Laws Will Drive Huge Capital Outlays by U.S. Power Industry


Attachment: Henry Hub, LNG

November 21, 2022--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The management consulting firm ScottMadden Incorporated (Atlanta, Georgia) titled its fourth-quarter energy industry update "Money, Money, Money," borrowing the title from the Swedish pop group ABBA's song from the 1970s. But it wasn't a bout of nostalgia that drove that titling decision. First, as Cristin Lyons, a partner and the firm's energy practice leader, told listeners on a November 9 webcast, money "is what everyone (in the energy industry) is talking about." Second, with the passage of the Inflation Reduction Act of 2022 (IRA), and to a lesser degree the Infrastructure Investment and Jobs Act (IIJA) of 2021, the electric power industry is expected to spend an unparalleled, eye-popping amount of capital, particularly in the 2030s.

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