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- W78299796 abstract "The long-expected surge in electric utility capital investments begins this year with an increase of nearly 15 percent over 1992, according to a forecast of industry spending. Strong spending seems likely to continue at least through 1997. The increases, as shown in Electric Light Power's latest industry survey of spending plans, will result from utility capacity additions, related expansion of power delivery systems, addition of air-emission controls and higher demand-side management spending. The industry is launching the next cycle of generation construction, although utilities will play a less direct role than in the past, with the growth of non-utility power projects and influence of demand-side management (DSM). Total five-year projected outlays are $140.4 billion, compared to $138.7 billion last year and about $132 billion the year before. Utilities 1993 capital expenditures will go from an estimated $26.55 billion in 1992 to $30.44 billion in 1993. This is an increase of 14.7 percent. Utility capital spending will increase again in 1994. A stronger United States economy will buoy the gains in 1993 and 1994. Less regulatory uncertainty due to Clean Air Act rule releases will also help. In 1992, partially due to the economy, EL P reported that the long-expected increasemore » in spending would be delayed a year. In this year's report, generation/air pollution control nearly equals power-delivery expenditures as a percentage of total spending which are both near 42 percent, 1993-97. According to last year's 1992-96 figures, generation accounted for 38 percent of total spending compared to 47 percent for power delivery.« less" @default.
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- W78299796 date "1993-01-01" @default.
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- W78299796 title "1993 capital spending to surge 15" @default.
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