McGuireWoods Surveys Energy Executives on Energy Outlook in US
While 85 percent of utility company executives in the United States predict
that this country will see an energy crisis in the next five years, more than
two-thirds of those executives say such a crisis can be averted if lawmakers
make it easier for energy providers to invest in infrastructure improvements.
These findings are part of an exhaustive energy study commissioned and released
by McGuireWoods LLP.
Among the other findings of the survey, one-third of the respondents found
that energy conservation and use energy efficient products will help satisfy the
increased demand for energy in the coming years, yet only a fraction (two
percent) believed that conservation and energy efficiency will help avert an
“The results of the survey were fascinating to us, and give us a good
snapshot of what energy policy may look like in the near future for our country”
said Joanne Katsantonis, chair of the Energy & Utilities practice at
McGuireWoods. “Energy executives told us that an energy crisis can be averted,
but it won’t be easy. It will take a commitment from all parties, including law
and policymakers, energy providers and the public to make that work. Our
challenge is to help facilitate that debate and find solutions for our clients.”
The survey, which was finalized late in the fourth quarter of last year,
surveyed 249 CEOs of utility companies throughout the United States. For
additional information, or to request a copy of the survey highlights, please
Joanne Katsantonis, chair,
Energy & Utilities
practice at McGuireWoods. She can be reached at 804.775.1017.