, Columnist
The Shale Dividend for Utilities Is Ending
Rising interest rates and the end of a cheap-gas windfall will make profitability tougher.
Making hay while the sun shines.
Photographer: Justin Sullivan/Getty Images North AmericaThis article is for subscribers only.
Forget Saudi Arabia; maybe it’s utilities Elon Musk should have been courting for his take-Tesla-private fling.
In a power-sector workshop convened by Bloomberg New Energy Finance in June, more than two-thirds of industry attendees said they think U.S. electricity demand will have peaked by 2030. Looking at the past decade, hooking up millions of vehicles to the grid may offer the best route to ensuring it hasn’t peaked already:
