Electricity consumption is projected to grow slowly over the next five years, as energy efficiency and reduction become mainstream. Nevertheless, electricity prices are anticipated to increase as some utility companies receive permission to set competitive retail rates, which will likely benefit industry revenue. Public utility commissions (PUC) are expected to grant rate increases, fueling revenue and profit growth. Industry profit, measured as earnings before interest and taxes, is expected to increase. Larger utilities due to large economies of scale, permit large utilities to significantly expand infrastructure. The growing demand for renewable energy mixed with rising infrastructural investments across the industrial and commercial sectors will positively influence the industry’s landscape.
With the aging transmission infrastructure slowly deteriorating, the United States has seen minimal investment over the last 40 years on upgrades and new builds. Gathering and compiling information on the features and uses of the land within a proposed corridor provides the basis for selecting a route, obtaining easements, and designing and constructing a power transmission line. Blew and Associates recognizes the need for new design and rebuilding of our infrastructure as we can help support the industry with our expertise and knowledge in the design phase.