A new report warns against the folly of over-investing in natural gas
By Thibault Worth

The nation’s power plants are aging. An increasing number require replacement parts; others can’t keep up with new environmental regulations.
A report released today [PDF] by the Boston-based think tank Ceres estimates that in the next two decades, up to $100 billion will be invested in the electric utility industry every year – twice the amount invested in recent years.
According to the report, that boom in investment will take place in a shifting regulatory environment. Air pollution and greenhouse gas restrictions will increase, and fossil fuel-burning power plants will have to keep up. Governments are setting requirements for energy from renewable sources. (California, for example, is targeting a 33% renewable energy ratio by 2020.) Smart grids and new consumer technologies are changing how people think about energy production and consumption.


