SOURCE: Industrial Info Resources

Industrial Info Resources

March 06, 2012 06:35 ET

North American Power Outlook: Capital Spending Expected to Dip in 2012, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Mar 6, 2012) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- A strengthening U.S. economy and still-emerging clarity about environmental regulations will be the main drivers for project spending in the North American Power Industry in 2012, according to the North American edition of Industrial Info's 2012 Power Industry Outlook.

The U.S. gross domestic product (GDP) grew 1.7% last year, continuing its slow recovery from the Great Recession, which officially ended in mid-2009. Owners of coal- and oil-fired generation received greater clarity about the level of emissions reductions they will need to make in sulfur dioxide (SO2), oxides of nitrogen (NOx), mercury and other emissions after the U.S. Environmental Protection Agency (EPA) (Washington, D.C.) issued two important rules last year: the Cross-State Air Pollution Rule (CSAPR) and the Mercury and Air Toxics Standards (MATS) rule. CSAPR was temporarily stayed late last year by a federal court, which is scheduled to hear oral arguments on the case next month.

Against this backdrop, the North American power generation and transmission business will spend about $75.9 billion on capital and maintenance projects this year, about $1 billion less than what it spent last year, according to Industrial Info.

Companies featured: The Southern Company (NYSE:SO), Duke Energy Corporation (NYSE:DUK), FirstEnergy Corporation (NYSE:FE), American Electric Power Company (NYSE:AEP)

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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