December 19, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Major utilities across the U.S. increased their annual spending on transmission and distribution (T&D) projects 12% from 2003 to 2023, from $287 billion to $320 billion, according to financial reports to the Federal Energy Regulatory Commission (FERC). That trend is set to continue next year with developments in regions facing higher demand for energy access.

Industrial Info is tracking more than $6 billion worth of T&D projects across the U.S. that could begin construction in the first quarter, including more than $1 billion worth with a high likelihood (81% or more) of kicking off as planned. Companies involved include FirstEnergy Corporation's (NYSE:FE), Shell plc's (NYSE:SHEL), American Electric Power (NASDAQ:AEP) and Austin Energy.