Electric Utility Industry Investment Regulated Utilities Still Can Raise Capital

摘要

Electrifying one of the world's largest economies isn't cheap, and raising money to keep the lights on challenges utilities.Many financial experts rank the U.S. electric utility industry second only to the federal government in capital spending. The nation's electric utilities spent $34.5 billion on capital projects in 2002-06 and are on track to spend $54.6 billion for capital projects during 2007-11, said Sean O'Donnell, executive director of energy at JPMorgan Chase & Co. and presenter at the 2010 Electric Light & Power Executive Conference. Banks, shareholders, public utility commissions and equity investors are key in utilities' efforts to raise money for capital projects.