People are using less power, energy exec’s say

posted by Josh Ran

You need to see this – electricity use is DOWN all over the country….and
energy executives don’t think it’s because of the economic downturn, but
rather because of a ‘fundamental shift’.

Key quote: ” Michael Morris, the chief executive of AEP, one of the
country’s largest utilities, says he thinks the industry should to be wary
about breaking ground on expensive new projects. “The message is: be
cautious about what you build because you may not have the demand” to
justify the expense, he says.”

Full article here.