Report: Electric Utilities Investing Billions in Transmission
The U.S. electric utility industry invested $6.9 billion in transmission projects in 2006, and members of the Edison Electric Institute (EEI) plan to invest another $38.1 billion from 2007 to 2010, according to a new EEI report. This represents a 60% increase above the amount invested from 2003 to 2006. EEI is the association of shareholder-owned U.S. electric companies and represents about 70% of the U.S. electric power industry. The EEI report notes that transmission lines are being added for a variety of reasons, and one is to connect remote renewable energy resources to the electrical grid.
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