INDIAN WELLS, Calif.--It's going to take one big pile of money and a lot of work to go green, according to CEOs of two of the country's larger utilities.
By 2020, approximately $750 billion to $800 billion will have to be invested in the electrical grid and generating infrastructure, said Jeff Sterba, CEO of PNM Resources at the Clean Tech Investor Summit taking place here. That's as much as has been invested in the grid to date.
"In 13 years, we will double the amount of investment that has ever been made," he said. … Read more