This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.)
On October 5, 2011, the Obama administration announced the launch of pilot projects for grid modernization. This news comes as a welcome relief to the constant drumbeat of recessionary fears. This news also suggests that the Federal government remains capable of taking positive steps to promote economic growth and secure America’s energy future. The Obama administration explains these projects will “…accelerate the permitting and construction of seven proposed electric transmission lines.” It will cut red tape and “…serve as pilot demonstrations of streamlined federal permitting and increased cooperation at the federal, state, and tribal levels.” Twelve states are named as direct beneficiaries of the seven planned projects, many of which cross state lines.
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Two businesses that could directly benefit are Hubbell, Inc (HUB-B) and Quanta Services (PWR). HUB-B makes high-tension line gear. {snip}
Quanta Services (PWR) “designs, installs, upgrades, repairs, and maintains electric power transmission and distribution networks, and substation facilities; renewable energy generation facilities; and offers emergency restoration services, including repairing infrastructure to the electric power industry.” {snip}
Source for all charts: FreeStockCharts.com
It is too bad America did not get more of these kinds of economy-building projects earlier in this period of economic malaise. Hopefully, going forward, these projects can serve as a model for the government’s efforts to support economic growth and reduce (or eliminate) the regulatory barriers that impede economic progress.
Be careful out there!
This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.)
Full disclosure: no positions