SOURCE: Industrial Info Resources

Industrial Info Resources

May 20, 2010 05:00 ET

Electric Utilities Face at Least $800 Billion Capital Outlays in Coming Decade, an Industrial Info News Alert

BALTIMORE, MD--(Marketwire - May 20, 2010) -  Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Shareholder-owned electric utilities in the U.S. will have to spend at least $800 billion in the next decade to rebuild or replace much of the electric generating fleet and meet future growth in electric demand, Richard McMahon, the executive director of power supply for the Edison Electric Institute (Washington, D.C.), told about 1,000 attendees during Tuesday's keynote address at the 12th Annual Electric Power Conference & Exhibition in Baltimore.

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