“About 51% of the generating capacity of the US is in plants that are at least 30 years old, as of the end of 2010.” (ASCE’s Failure to Act – The Economic Impact of Current Investment Trends in Electricity Infrastructure, copyright 2011). In addition, a tremendous amount of the coal-based generating capacity is being retired, placing a greater expectation of reliability on the remaining assets.

Reliable electricity is essential for the functioning of many aspects of household and economic activity today. As the nation moves toward increasingly sophisticated use of information technology, computerized controls, and sensitive electronics, the need for electricity reliability becomes even greater. For the entire system to function, generation facilities need to meet load demand, transmission lines must be able to transport electricity from generation plants to local distribution equipment, and the decentralized distribution network must be in good repair to ensure reliable final delivery.

Deficiencies in any one of these three elements of electrical infrastructure can affect our nation’s future economic growth and standard of living.

(ASCE’s Failure to Act – The Economic Impact of Current Investment Trends in Electricity Infrastructure, copyright 2011).

The above message holds true for all countries of the world.

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