POWER CABLE Wall Street sees the light and likes what it sees

Oct 01, 2007 | 03:16 PM |

Aluminum stands to benefit from planned upgrades in both U.S. and overseas electrical grids, being the material of choice for transmission cables and many of the towers that support them.

"For the first time in a decade there are long-term strategic projects being planned" for the nation's transmission grid, Roger W. Gale, president and chief executive officer of energy consultancy GF Energy LLC, Washington, said. "There will be a great deal of projects on the drawing board for the next 10 years," which should lead to greater market share for aluminum products. "I think most of the high-voltage cable will be aluminum. There's no question for the cable and for a large number of the towers the material of choice will be aluminum."....





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