ASCE projects annual funding gap of $11 billion by 2020 for electric power in US

The American Society of Civil Engineers (ASCE) in its latest Failure to Act Report on electric power in the US is projecting that current trends will lead to funding gaps in electric generation, transmission, and distribution that will reach $11 billion per year and a toal accumulated gap of $107 billion by 2020.  In 2020, 88% of the investment gap will be in distribution and transmission infrastructure while about 11% of the gap will be in generation infrastructure.

The result of the investment gap wil be more frequent electricity outages including blackouts and brownouts. The ost of the investment gap is projected to cost US households $6 billion in 2012 and reach $71 billion per year by 2020. The cost to business is setimated at $10 billion in 2012 and reach $126 billion by 2020.  The total cost ot the economy is projected to average $20 billion through 2020.

Geoff Zeiss

Geoff Zeiss

Geoff Zeiss has more than 20 years experience in the geospatial software industry and 15 years experience developing enterprise geospatial solutions for the utilities, communications, and public works industries. His particular interests include the convergence of BIM, CAD, geospatial, and 3D. In recognition of his efforts to evangelize geospatial in vertical industries such as utilities and construction, Geoff received the Geospatial Ambassador Award at Geospatial World Forum 2014. Currently Geoff is Principal at Between the Poles, a thought leadership consulting firm. From 2001 to 2012 Geoff was Director of Utility Industry Program at Autodesk Inc, where he was responsible for thought leadership for the utility industry program. From 1999 to 2001 he was Director of Enterprise Software Development at Autodesk. He received one of ten annual global technology awards in 2004 from Oracle Corporation for technical innovation and leadership in the use of Oracle. Prior to Autodesk Geoff was Director of Product Development at VISION* Solutions. VISION* Solutions is credited with pioneering relational spatial data management, CAD/GIS integration, and long transactions (data versioning) in the utility, communications, and public works industries. Geoff is a frequent speaker at geospatial and utility events around the world including Geospatial World Forum, Where 2.0, MundoGeo Connect (Brazil), Middle East Spatial Geospatial Forum, India Geospatial Forum, Location Intelligence, Asia Geospatial Forum, and GITA events in US, Japan and Australia. Geoff received Speaker Excellence Awards at GITA 2007-2009.

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