Recent reports from groups analyzing U.S. power generation note how states near the nation’s largest shale plays are expected to bring significant new natural gas-fired generation online over the next few years, despite concerns about recent market volatility that sent gas prices to their highest levels in more than a decade.
With a long-term outlook favoring natural gas as U.S. coal stockpiles continue to dwindle, utilities are moving forward with plans to add gas-fired generation capacity through 2025, according to Colorado-based BTU Analytics, a FactSet Company. Andrew Bradford, Vice President Power for FactSet, told POWER on Dec. 14 his group “is tracking 32.3 GW of natural gas-fired power plants with in-service dates through 2025 that are in advanced stages of development.”
