SOURCE: Industrial Info Resources

Industrial Info Resources

May 24, 2012 06:20 ET

Civil Engineers See Multibillion-Dollar Investment Gap in U.S. Electric Infrastructure, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 24, 2012) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Keeping the lights on is going to get more expensive. Despite investing an average of $63 billion per year in electric generation, transmission and distribution assets over the prior decade, the U.S. Power Industry needs to increase its annual investment by about $11 billion per year through 2020 to maintain the high level of electric reliability required to power the U.S. economy.

So says a recent report from the American Society of Civil Engineers (ASCE) (Reston, Virginia). The group's recent report, "Failure to Act: The Economic Impact of Current Investments in Electricity Infrastructure," predicts investment in the U.S. electric industry will fall about $107 billion short of what is needed by 2020. About 88% of that gap is expected to be in the transmission and distribution segments of the industry. Failure to increase investment gradually in the near term would lead to a yawning gap in the out years, the group said.

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