Spending on infrastructure for power, water, wastewater and telecom will continue to grow through the balance of 2024, driven by the public investment in water and wastewater as well as the energy transition. Nationwide, the forecast for electricity demand increased from 2.6 percent to 4.7 percent growth over the next five years, as reflected in 2023 Federal Energy Regulatory Commission filings. FMI forecasts spending of $30 billion in 2024 on water supply, up 8 percent over 2023. Federal investments are driving spending. The Infrastructure Investment and Jobs Act allocates $50 billion towards safe drinking water, including $15 billion in grants and loans to identify and replace lead service lines and an additional $11.7 billion to finance any drinking water infrastructure priority, including lead service line identification and replacement.
https://www.constructionequipmentguide.com/mid-year-utility-infrastructure-outlook/65580