A new report by Edison Electric Institute (EEI) shows that EEI's members remain dedicated to building needed and beneficial transmission, and modernizing the nation's transmission network to meet twenty-first century demands.
The report, Transmission Projects: At A Glance, March 2013, comments that EEI members' total transmission investment in 2011 reached $11.1 billion (real $2011).
The report also indicates that EEI's members will continue increasing their year-over-year transmission investment until 2013, when EEI projects that peak annual total investment will reach about $15.1 billion (real $2011).
"Without question," said EEI's Vice President of Energy Delivery, James P. Fama, "this level of investment in our nation's transmission infrastructure is significant and will provide numerous benefits for electricity customers, including maintaining reliable electricity service, relieving congestion, facilitating wholesale market competition, and supporting a diverse generation portfolio."
This seventh annual publication of EEI's Transmission Projects: At A Glance report showcases a cross-section of more than 150 major transmission projects that EEI's members completed in 2012, as well as have planned for the next ten years. These projects, which represent only a portion of the total transmission investment that EEI's members anticipate through 2023, total about $51.1 billion (nominal $).
Of the total $51.1 billion worth of transmission projects highlighted, $26.5 billion (52 percent) are for large, interstate transmission projects spanning multiple states; $38.7 billion (76 percent) for projects supporting the integration of renewable resources; and $29.1 billion (57 percent) [nominal $] for projects where EEI member companies are collaborating with other utilities, including non-EEI members, to develop the project.
Since transmission projects are developed to address an array of needs, and deliver a number of benefits, one project may fall into more than one category.