Why Climate Change is Going to Burden Utility Customers With Increased Depreciation Costs
“Why is climate change going to burden utility customers with increased depreciation costs?”
Climate change is going to rupture physical infrastructure. Utility assets are going to be greatly affected, whether it be through fires burning utility lines, floods submerging powerplants, or droughts depleting water reservoirs. All of this is going to force utilities to depreciate and retire their assets faster, whose costs are going to be passed down to utility customers. This is Why Climate Change is Going to Burden Utility Customers With Increased Depreciation Costs.