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Failure to Act: The Economic Impact of Current Investment Trends in Electricity Infrastructure
April 28, 2012
Failure to Act: The Economic Impact of Current Investment Trends in Electricity Infrastructure
Source: American Society of Civil Engineers
Failure to Act: The Economic Impact of Current Investment Trends in Electricity Infrastructure shows that an investment in our nation’s generation, transmission, and distribution systems can improve reliability, reduce congestion, and build the foundation for economic growth. Based on current investment trends, the national electricity infrastructure gap is estimated to be $107B by 2020, or just over $11B per year. By 2020, shortfalls in grid investments are expected to account for almost 90% of the investment gap with nearly $95B in additional dollars needed to modernize the grid.
Closing the electricity investment gap would lead to fewer brownouts and blackouts and save US businesses $126 billion, prevent the loss of 529,000 jobs and $656 billion in personal income losses for American families.
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