SOURCE: Industrial Info Resources

Industrial Info Resources

August 07, 2015 06:00 ET

Nuclear Projects Lead Top 10 U.S. Counties for Power Industry Spending, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Aug 7, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- As the Environmental Protection Agency's new Clean Power Plan is scrutinized, Industrial Info takes a look at the top 10 counties for Power Industry project activity. Ranking is based on the total investment value for power projects that are planned, engineered or currently under construction.

10) Maricopa County, Arizona (33 projects, $5.31 billion)--Solar power has arrived in a big way in Maricopa County, home to Arizona's capital, Phoenix, and the fourth-most populous county in the United States. Small and utility-scale photovoltaic (PV) projects are adding billions of dollars to the county's planned project activity. One of the largest of these projects is LS Group Incorporated's (New York, New York) 175-megawatt (MW) Arlington Valley Solar Power Project, which could kick off in the middle of next year and be wrapped up in early 2018. The project has an estimated total investment value of $700 million, and plans for an expansion are already in the works.

Solar isn't the only power source pumping money into Maricopa County's economy. Two planned natural gas-fired unit additions with a combined TIV of more than $1.2 billion are also planned to kick off in the county in the near future.

9) Yukon-Koyukuk Census Area, Alaska (3 projects, $5.67 billion)--While not technically a county, Alaska's Yukon-Koyukuk Census Area (according to U.S. Census Bureau, roughly the size of Montana or Germany) boasts one of the largest renewable energy projects planned in the U.S. The $5.6 billion Susitna-Watana Hydroelectric Project remains in the very early planning stages. If completed, the project would generate about 600 MW of power. However, like other large hydropower projects, this one faces stiff environmental opposition. In addition, the project's hefty price tag may hinder development. Due to plunging oil prices, Alaska Governor Bill Walker froze spending on this and other large projects in December 2014; however, the spending moratorium was lifted in July.

8) Virginia Beach, Virginia (1 project, $6 billion)--The independent city of Virginia Beach, Virginia, does not actually belong to any county, and the renewable energy project that puts the city in the No. 8 position is technically not in Virginia Beach -- it's in federal waters off the coast. Like the Alaska project, Dominion Virginia Power's (Virginia Beach) planned grassroot windfarm is also in the very early planning stages and is having some difficulty getting off the ground. Dominion Virginia Power is a subsidiary of Dominion Resources Incorporated (NYSE:D) (Richmond, Virginia).

Within this article: The top 10 U.S. counties for Power Industry Development, featuring major projects from AES Corporation (NYSE:AES), Public Service Enterprise Group Incorporated (NYSE:PEG), Southern Company (NYSE:SO) and other industry leaders.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, 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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