SOURCE: Industrial Info Resources

September 02, 2009 07:22 ET

Development of Natural-Gas-Fired Generation Increases in the U.S., an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - September 2, 2009) - Written by Britt Burt, VP Power Industry for Industrial Info Resources (Sugar Land, Texas) -- The Power Industry is experiencing a growth period in terms of constructing new natural-gas-fired generating capacity. Since the bottom fell out in 2005, new construction activity for gas capacity has grown at a pace of more than 20% per year, and while we do not expect new construction activity in 2009 to surpass last year, the number of projects under development continues to grow. Right now projects currently on the books for kickoff by the end of the year could represent a 52% increase in construction kickoffs over the previous year.

Companies featured: Dominion Energy (NYSE:D), FPL Group Incorporated (NYSE:FPL)

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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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