Failure to Act: Electric Infrastructure Investment Gaps in a Rapidly Changing Environment shows that an investment in our nation’s generation, transmission, and distribution systems can improve reliability, reduce congestion, and build the foundation for economic growth.
Based on current investment trends, the national electricity infrastructure gap is estimated to be $208 billion by 2029, and $338 billion by 2039 in what is needed to ensure a reliable energy system. Driven by conversion to energy sources to meet renewable portfolio standards and
barring an increase of investment levels, generation will account for 60% of the total gap by 2039, with transmission and final distribution representing 10% and 29% respectively.
Between 2020 and 2039, each household will lose on average $5,800 in disposable income if the generation, transmission, and distribution investment gaps are not mitigated. Closing the electricity investment gap would lead to fewer brownouts and blackouts and save US businesses $637 billion, prevent the loss of 540,000 jobs and $5,800 in personal income losses for each American family.
Reliable electricity is essential for today’s economy and for 21st century living. By acting now to modernize the infrastructure that powers our homes, schools, hospitals, data centers, manufacturing plants and more, by investing in response to the evolving mix of energy technologies, and by easing permitting, impacts to American households and businesses can be mitigated.
VIEW THE FULL RELEASE EVENT for this report, featuring ASCE Executive Director Tom Smith; Siemens Chief Sustainability Officer of Siemens USA Martin Powell; Senior Counsel & Energy Strategist at Husch Blackwell and former FERC Chairman, Jim Hoecker; EPB-US Executive Vice President and economist Steven Landau; and President and CEO of Power Line Systems Otto Lynch.