In looking at over 100 electric transmission projects either planned or under way, a new report by Edison Electric Institute finds that its member electric utility companies plan to spend at least $64 billion (nominal dollars) on expected transmission system improvements through 2022.
This investment will be on top of the about $77 billion (in 2010 real dollars) that EEI member companies invested in transmission infrastructure improvements between 2001 and 2010.
"Although not a comprehensive compilation of all projects that are being undertaken by our member companies," said EEI's vice president of energy delivery, James P. Fama, "the sampling of projects highlighted in the EEI report, 'Transmission Projects: At A Glance, March 2012,' highlights the electric power industry's commitment to investing in needed and beneficial transmission infrastructure over the next 10 years."