Report: Utility firms must invest up to $2T to maintain reliability

11/18/2008 |

A new report finds the U.S. utility industry must invest between $1.5 trillion and $2 trillion in the next two decades to maintain current levels of reliability. The report by the Brattle Group says most of the investment should be in smart grids. "The industry is facing enormous investment needs during a period of modest growth, high costs, and very substantial policy shifts," said Peter Fox-Penner, a principal at Brattle Group. "The good news is that as a result of this very significant investment, our economy and utility customers will get more efficiency and control over their electricity use, lower carbon generation, and a higher-technology, more resilient and reliable electric grid."

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