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September Newsline: Stimulus impact on utility construction, 2009 infrastructure spending drop, and more
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Economic stimulus impact on utility construction
Griff Morris, managing director of utilities business development with FMI, recently discussed the economic stimulus and its impact on utility construction at the CMAA Leadership Forum in Scottsdale, AZ.
Morris noted there is $16.8 billion available for utility construction through the Department of Energy, $3.2 billion of which has been allocated to state energy programs. Given this current situation in which regulatory commissions will be seeking help from constituents to compete for the stimulus funds, Morris predicts the following: