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Utilities all-in on clean energy

from Icons of Infrastructure

Utilities are now being called for to enable a clean electric sector — a pivot while tens of billions of dollars of new energy infrastructure investments are on deck. That is job one, according to a panel of energy utility chief executive officers meeting at the Edison Electric Institute annual financial conference. Utilities across the nation have been experiencing flat to declining revenues as the economy continues evolving away from manufacturing and towards service sector activities, and as energy conservation and efficiency continues to advance. At the same time, utilities must fund unprecedented levels of capital expenditures on key infrastructure as they deal with increasingly destructive weather patterns, the threats of cyber and physical assaults on their assets and the development of a smarter grid serving a more distributed electric system. more

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