While much has been written about high energy inflation for oil and gasoline over the last three years, little has been written about the material inflation in U.S. power prices. 

In most power regions of the country, more power plant capacity, measured in megawatts, is being decommissioned than is being built, including in regions such as New England, New York, and the PJM Interconnection region, which covers the mid-Atlantic and some Midwest states. In effect, we are de-electrifying in large areas of the country.