Consistent Regulation Seen As Key to New Construction
Construction of new powerplants and transmission lines is most likely to occur in markets where utilities can count on recouping the cost of their investments. Electric utility and construction executives also point to consistent government regulation as key to construction of energy projects.
“Capital tends to be there” for investments that are made in markets where there are stable rules, said David Campbell, CEO of Dallas-based Luminant, the power-producing arm of the former TXU Corp., last month at the National Association of Regulatory Utility Commissioners annual meeting in New Orleans.