New-build Gas Generation Can Head Off Projected Electric Generation Shortfall

December 2, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The phrase "power crisis" was not uttered by speakers at the recent "Energy and the Economy" conference sponsored by the Dallas and Kansas City Federal Reserve Banks, but several speakers used artful synonyms, such as "shortfall" or "imbalance," to describe a future where electric demand overwhelms electric supply in certain U.S. electric markets by 2030. Stacey Doré, chief strategy & sustainability officer for competitive generator Vistra Corporation (NYSE:VST) (Irving, Texas), told conference attendees that two major wholesale electricity markets--PJM and ERCOT--each face electric generation shortfalls of about 40,000 megawatts (MW) each by 2030.