U.S. Gas-Fired Plants Plan 1Q23 Maintenance as Production Booms

December 13, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Energy Information Administration (EIA) expects U.S. natural gas production in 2022 to set an annual record, averaging 98 billion cubic feet per day, with a further 2% growth projected for 2023. As more of this product arrives at gas-fired power plants, those facilities will need proper maintenance to maintain maximum efficiency.

Industrial Info is tracking more than 150 maintenance-related projects at U.S. gas-fired power plants, valued at about $790 million in total, that are set to kick off in the first quarter. Texas leads all other states in first-quarter maintenance projects at gas-fired power plants, accounting for almost 20% of the total nationwide spending. Companies with projects set to kick off include Tenaska Incorporated, Southern Company (NYSE:SO) and Vistra Energy Corporation (NYSE:VST).