American energy providers are planning to invest hundreds of billions of dollars in green energy, even as such projects lead to skyrocketing costs for consumers.
Energy companies are projected to spend $140 billion in both 2022 and 2023, upgrading grid infrastructure, building renewable energy projects and preparing for electric-vehicle-fueled demand, the Edison Electric Institute told The Wall Street Journal, marking the largest yearly totals since the industry group began tracking the figure more than two decades ago.
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