Utility Dive•3 days ago
5 takeaways from Xcel CEO Bob Frenzel’s talk at the Minneapolis Fed
- •Supply chain degradation is increasing costs and timelines for utility projects.
- •Utilities face heightened competition from hyperscalers (large data centers) for critical engineering, construction, and procurement (EPC) services.
- •These market dynamics are driving up project costs for utilities, which will likely translate to higher PPA prices for developers and potentially increased power costs for large consumers.
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