Why the Utility Industry’s Conventional Strategy Could Backfire

The investor-owned electric utilities (represented by the Edison Electric Institute) have announced record-breaking capital spending plans. Finally a recognition of the nation’s growing electricity needs and the industry’s slow recognition of them? Sorry, not really, unfortunately.  The EEI said its members would spend $186 billion in 2024 and a bit more in 2025. Adjusting the numbers to remove natural gas spending and add in spending by non-utilities and government-owned utilities brings the number up to around $235 billion. Another…