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United States Power Report Q1 2013 - Product Image

United States Power Report Q1 2013

  • ID: 2390628
  • January 2013
  • Region: United States
  • 90 pages
  • Business Monitor International

BMI View

The massive power outage caused by Hurricane Sandy in the Northeast brought the country's electricity sector in the limelight this quarter, leaving 8.2mn customers without power and exposing utilities to very large restoration costs. This exceptional event aside, we note that several trends previously identified by BMI continued to play out with. Most notably, almost all regions of the country experienced an increase in natural gas-fired generation when compared with 2011. In the non-hydro renewables segment,
uncertainty remains elevated even in the aftermath of the elections, hindering the development of the industry.

Although the release of new historical and monthly data for generation and capacity by the Energy Information Administration (EIA) has prompted us to revise our forecasts, we remain of the opinion that the US' mature power market will see only a moderate rise in generation and consumption in short-term. Whilst recent data supports BMI long-held view that the US will continue to outperform the eurozone, we expect the US economy to expand at an average annual rate of about 2.4% over the coming years, which is below historical trend. Factoring in the most recent industry-specific and macroeconomic indicators, we have revised our 2012 consumption growth forecast to -0.86% year-on-year (y-o-y), previously 0.81%, and anticipate that a forecast 1.75% growth in 2013 will be partially a product of base effects.

BMI Industry View 7

SWOT 8

Power 8

Industry Forecast 10

United States Snapshot 10
Table: Country Snapshot: Economic and Demographic Data 10
Table: Country Snapshot: Power Sector 10

United States Forecast Scenario 10

Electricity Generation and Power Generating Capacity 10
Table: United States Total Electricity Generation Data And Forecasts 10
Table: United States Total Electricity Generation Long-Term Forecasts 12
Table: United States Electricity Generating Capacity Data And Forecasts 14
Table: United States Electricity Generating Capacity Long-Term Forecasts 15
Table: US Nuclear Power Reactors Under Construction, Planned And Proposed 22

Electricity Consumption 25
Table: United States Total Electricity Consumption Data And Forecasts 25
Table: United States Total Electricity Consumption Long-Term Forecasts 25

Transmission & Distribution, Imports & Exports 27
Table: United States Electric Power Transmission And Distribution Losses Data And Forecasts 27
Table: United States Electric Power Transmission And Distribution Losses Long-Term Forecasts 27
Table: United States Trade Data And Forecasts 27
Table: United States Trade Long-Term Forecasts 27

State-By-State Breakdown 30
Table: Table: US - States Electricity Profiles In 2010 31

Industry Risk Reward Ratings 47

Developed States Power Risk/Reward Ratings 47
Table: Developed States Power Risk/Reward Ratings 52

United States Power Risk/Reward Ratings 53

Rewards 53

Risks 54

Market Overview 55

Key Policies And Market Structure 55

Regulation and Competition 55

Sustainable Energy Policies 56
Table: 2009 State Energy-Related CO2 Emissions 57

Pricing 60

United States Power Projects Database 61
Table: United States Power Projects Database 61

Competitive Landscape 73

Pacific Gas and Electric Company (PG&E) 74

Southern California Edison (SCE) 74

Exelon 74

NextEra Energy (FPL and NextEra Energy Resources) 75

Southern 75

Dominion 75

Entergy 76

American Electric Power 76

Mid-American/PacifiCorp 77

Xcel Energy 77

Duke Energy Corporation 77

Regional Overview 79

Developed States Industry Overview 79
Table: Real GDP Growth (%) 79

Glossary 83

Glossary of Terms 83
Table: Glossary of Terms 83

Methodology 84

Industry Forecasts 84

Power Industry - Data Methodology 85

Generation and Consumption Data 85

Electricity Generating Capacity Data 86

Power Risk/Reward Ratings Methodology 87
Table: Power Risk/Reward Indicators 89

Sources 90

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