SOURCE: Industrial Info Resources

Industrial Info Resources

July 01, 2016 07:00 ET

No Shortage of Capital for Electric Transmission Projects That Secure Permits, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jul 1, 2016) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Developers plan to invest an enormous amount of money in electric transmission projects in the U.S. and Canada over the next few years, but the availability of capital will not be a limiting factor in building new projects, speakers told the Fifth Annual TransForum West conference in Denver this week. According to data compiled by TransmissionHub, about $24.6 billion of transmission projects are under construction in the U.S. and Canada. Looking forward, capital investments will average $20.3 billion per year between 2016 and 2020, with investment demands in some years spiking to about $30 billion, Kent Knutson, director of hubs services for PennWell Corporation (Tulsa, Oklahoma), told about 75 conference attendees this week.

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