Lack of competition or scrutiny means utilities are overspending on infrastructure by billions, reports find

by Janet Wilson, Palm Springs Desert Sun

It’s not just Pacific Gas & Electric Co. Utilities across the United States are overspending by billions as they’ve ramped up capital spending on aging transmission lines and other equipment, recent reviews show, with no competition and no upfront scrutiny in many cases.

An estimated $8 billion in savings in five years could be achieved if just a third of all major transmission projects across the nation were opened up to competition, according to a report by the Brattle Group, which analyzed Federal Energy Regulatory Commission and regional data from 2013 through 2017.

This week, PG&E claimed in a federal court filing that it would take far more – up to $150 billion – to meet a judge’s order to trim trees and fix power line poles.

Read more: https://www.desertsun.com/story/news/environment/2019/01/24/lack-competition-oversight-means-utilities-overspend-billions-infrastructure-reports-find/2672715002/

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