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RSS feed source: US Energy Information Administration

In-brief analysis

November 18, 2024

Data source: U.S. Energy Information Administration and Federal Energy Regulatory Commission (FERC) Financial Reports, as accessed by Ventyx Velocity Suite
Note: O&M=operation and maintenance

Annual spending by major utilities to produce and deliver electricity increased 12% from $287 billion in 2003 to $320 billion in 2023 as measured in real 2023 dollars, according to financial reports to the Federal Energy Regulatory Commission (FERC). Capital investment in electric infrastructure mostly drove the increase, more than doubling over the period as:

Aging generation and delivery infrastructure were replaced or upgraded to resist fire and storm damage. Utilities installed first natural gas-fired generation, then wind and solar generation, and, more recently, battery storage. New lines were connected to renewable resources. New technology, including smart meters, sensors, and automated controls, was added to the system.

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