Stay up to date on industry news and trends, product announcements and the latest innovations.
WIRES Study shows smart grid would stimulate job creation.
Press Release Summary:
May 16, 2011 - In light of WIRES (Working Group for Investment in Reliable and Economic Electric Systems) study, NEMA reiterated its call for policymakers to support development of US electric transmission infrastructure. Findings from said study indicate annual investment in new electric transmission facilities could reach 12-16 billion dollars in US. This would result in 30-40 billion dollars in annual economic activity and possibly create 150,000-200,000 new full-time jobs in each of next 20 years.
Original Press Release
Recent Study Shows Smart Grid Equals Jobs
Press release date: May 12, 2011
Findings from the study indicate that an annual investment in new electric transmission facilities could reach $12 to $16 billion in the U.S. According to the study, this would result in $30 to $40 billion in annual economic activity could create 150,000 to 200,000 new full-time jobs in the U.S. in each of the next 20 years.
The study highlights what NEMA and the electroindustry has long known: regulatory challenges and other barriers are preventing investment in the Smart Grid, leaving huge numbers of new jobs on the table. NEMA has outlined the long and arduous process of gaining approval for and beginning construction on new transmission facilities in its brochure Siting Transmission Corridors-A Real Life Game of Chutes and Ladders.
The brochure first addresses transmission planning and cost allocation, followed by the federal agency approval process, environmental impact statements, state utility commission review, and right-of-way attainment. Only after all these requirements and more are met is it submitted to federal agencies for approval of construction. None of these steps is particularly easy, and approval of a new transmission line can take more than a decade, if it gets approved at all.
NEMA has been advocating for years for more streamlined planning and siting processes as well as expedited environmental reviews.
"The WIRES study couldn't be more timely, as job creation is at the forefront of Americans' minds," said NEMA Director of Government Relations, Jim Creevy. "The challenge is getting our elected officials to recognize the importance of investments in electrical transmission to both our country's global competitiveness and job creation."
To view Siting Transmission Corridors-A Real Life Game of Chutes and Ladders, click on the following link: www.nema.org/gov/upload/tC_gameboard_verticle.pdf
NEMA is the association of electrical and medical imaging equipment manufacturers. Founded in 1926 and headquartered near Washington, D.C., its approximately 450 member companies manufacture products used in the generation, transmission and distribution, control, and end use of electricity. These products are used in utility, industrial, commercial, institutional, and residential applications. The association's Medical Imaging & Technology Alliance (MITA) Division represents manufacturers of cutting-edge medical diagnostic imaging equipment including MRI, CT, x-ray, and ultrasound products. Worldwide sales of NEMA-scope products exceed $120 billion. In addition to its headquarters in Rosslyn, Virginia, NEMA also has offices in Beijing and Mexico City.
NEMA. Setting Standards for Excellence Visit our website at www.nema.org