Ben Bradford : capradio – excerpt
Electric utilities have an existential problem. The demand for electricity is not growing like it used to, dampening the need for new power plants, power lines and other infrastructure that drive their profits.
“From the early 1900s, the utility growth model was built on just expanding the infrastructure to more and more places, and we’ve almost been a victim of our own success in that the country is electrified,” says Kellen Schefter with the utility trade group EEI.
So utilities are looking for new ways to make money.