Utilities plan $17.5 billion for new facilities

The nation's investor-owned gas and electric utilities set aside $17.5 billion (seasonally adjusted) for new plant and equipment in the second quarter of 1981, up 75 percent from the first quarter, the Conference Board reports.

Appropriations by the electric utilities doubled in the second quarter, while gas appropriations dropped 50 percent. The second-quarter appropriations figure has been surpassed only once, in the second quarter of 1980.

Capital appropriations are authorizations to spend money in the future.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK