Ten Reasons Why Electric Rates Will Soar in the Next Ten Years - It's Time For Home Solar Energy

Aging infrastructure. On December 17, 1880, Thomas Edison founded the Edison Electric Illuminating Company. The company established the first investor-owned electric utility in 1882 on Pearl Street Station, New York City. On September 4, 1882, Edison turned on the switch to his Pearl Street generating station's electrical power distribution system. Remarkable achievement, isn't it? The entire electrical system in the U.S. was built in In less than 130 years! But it is also aging, depreciating and becoming obsolete. Major investments are needed just for maintenance, safety and reliability.


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