Strengthening infrastructure will help utilities serve their expanding customer base efficiently and effectively.
Usage of technology for the maintenance of wide-spread electric lines helps to lower the possibility of power outages.
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Utilities are investing steadily to upgrade and strengthen their existing transmission and distribution lines. The above prediction from EIA indicates the preference to or against the legislation supporting the usage of coal. electricity in 20, up from 32% in 2017, while coal is expected to contribute 29% in 20, down from 27% from 2017. EIA expects natural gas to generate nearly 34% of U.S. total utility-scale electricity generation from renewable sources will increase from less than 17% in 2017 to 17% in 2018 and increase to 18% in 2019.
Energy Information Administration’s (“EIA”) report indicates that the share of U.S. The regulated utilities are also getting ample support from the administration to shut down old and less profitable fossil fuel plants and replace them with more technologically sound new generation units. Abundant cheap natural gas and declining installation costs of renewable sources like solar and wind are acting as tailwinds for the sector. Utility operators are gradually changing the source of electricity production. In the segment below, we discuss the basic strengths of the utility sector. A constructive utility rate environment, increase in electricity production from natural gas and renewables, and supporting clean coal-powered projects will enable utilities to efficiently serve a larger customer base. We advocate that there needs to be a balance between emission control and clean energy generation. administration’s coal-friendly moves will definitely lead to some of the coal-based utility plants running for a longer time period than expected. The utility sector is currently undergoing a transition as the primary fuel source, coal, is being replaced by natural gas, and we could notice increased usage of clean energy to produce electricity. Chicago, IL – – Today, Zacks Equity Research discusses the Industry: Utilities, Part 2, including NextEra Energy NEE, SCANA Corp.
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