Electricity Production and Conversion

Electric and gas utilities’ Research & Development activities deal nearly exclusively with energy conversion, distribution, and energy usage (at least to the extent that these firms still focus on these core businesses). Although detailed data on utility Research & Development are not collected systematically, it seems that Energy R&D spending by many utilities has declined during the past decade or so. For example, a 1996 survey by the U.S. General Accounting Office (GAO) found that the combined Research & Development spending of the 112 largest operating utilities in the United States dropped from $708 million in 1993 to $476 million in 1996. (more…)