Renewable Energy Goals Powering Investment in North American Electricity Transmission
from SeekingAlpha.com: Home Page by Research Recap
Research Recap submits:
Fitch Ratings expects the growing investment by utilities in U.S. electric transmission infrastructure will continue, with another $23.3 billion in spending expected over the next two years.
Transmission investment has increased steadily over the last ten years, more than doubling between 2000 and 2010. While capital spending by U.S. electric utilities has been rising over the past decade, the share of total capex represented by electric transmission also increased. In addition to the reliability impetus for the initial round of transmission spending, specifically avoiding repeats of the 2003 Blackout, another key driver for future transmission investments will be to bring power from renewable generation to faraway load centers.
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