U.S. utilities and power generators are hiking their spending plans to record levels at the same time as consumer utility bills have surged to new highs—and it’s no coincidence.
Investor-owned utility companies increased their capital spending plans by more than 27% to at least $1.4 trillion through 2030—up from $1.1 trillion a year ago—and that’s not even counting privately held companies, according to a new report released Tuesday from the nonprofit PowerLines.
