Electrification of the U.S. creates a huge challenge for the aging grid.
Therefore, the push from the federal government for a massive investment in grid modernization and a major boost of renewable energy sources could be met with resistance at a local level.
Moreover, in states where public utility commissioners are elected officials, there is often pushback from those officials against expensive investments that would raise electricity bills for the people electing the commissioners, Webb told CNBC. last month that 549 grid modernization actions were taken across America in the second quarter of 2022. However, regulators approved only $478.7 million out of the $12.
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