Comprehensive Study of the Electric Power Industry
Staff -- Consulting-Specifying Engineer, 3/1/2003
A comprehensive analysis of the current and future state of the electric power industry was released in early February by the Spartanburg, S.C.-based A/E firm Lockwood Greene.
"What's Next for the Electrical Power Industry" is the result of detailed interviews with more than 60 executives from 37 companies and organizations. Yorgos Papatheodorou, Ph.D., LG's chief economist, conducted the analysis for the study using personal interviews with power company and industry executives, industry and company financial data, news stories and other sources. The results include:
- An in-depth analysis of all the important trends and forces changing the industry.
- A survey of the strategic and tactical responses to such forces.
- An outlook and forecast of key variables and developments, including issues such as new capacity and capital spending, technological developments, industry consolidation, and project delivery methods and their implications.
The electric power industry has annual revenues of $325 billion and spends as much as $23 billion on capital plant and equipment in the United States each year. The industry has numerous players and is driven by a complex mix of regulations, supply and demand, financial conditions and technology. Due to many colliding factors, a large-scale restructuring of the industry is likely, and Lockwood Greene's study provides many insights into answering questions such as:
- How might a restructuring occur and why?
- Who will be successful in the coming restructuring, and what strategies are they likely to use?
- What will the industry look like in five years with respect to regulations, technologies and structure?
- What is happening to capital projects and the way they are executed?
- How will power companies and suppliers adjust to the new situation as it emerges?
For more information, visit the Lockwood Green online at: www.lg.com/sharedstudies.
From Pure Power, Spring 2003
