As the economic and banking crisis continues, far lower quantities of private sector investment will flow toward the power generation sector. The recessionary economy has meant reduced near-term electric demand, reduced investment in new generating capacity and-where additions are occurring-smaller increments. On a year-to-year basis, reserve margins across the country appear to havernrisen by a marked 4.5 percent. Until financial markets recover, capital is moving away from relatively expensive and intermittent supply sources to options providing efficiently produced electricity at reasonable capital costs.
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