2013 Pipeline Infrastructure Spending To Grow By 56% -- Wall Street Transcript

I did this once before. I can't afford a subscription to the Wall Street Transcript, but just based on the lede and the list of companies mentioned, one can get a pretty good idea of the magnitude of the opportunities.

Topics covered in the interview:

• North American Electrical Transmission
• energy infrastructure companies
• infrastructure spending

YahooNews is reporting:

I am following two key themes, or markets, right now. The first is electric transmission and distribution infrastructure, which I touched on with contractors. Electric transmission is the movement of electricity across the high-voltage electrical network. We are entering the third year of a strong investment trend in this market. I estimate that the electric transmission market has essentially doubled over the 2010 to 2012 time frame. During that time, it has gone from about $11.2 billion in 2010 to $22 billion in 2012, and we are forecasting continued high teens growth in 2013 and 2014. We are seeing more of that growth coming from Canada in 2013 than we have seen over the past two years.

And then this:

Another very important trend I'm following that is really powerful is energy pipeline; again, this includes oil, natural gas and NGL pipelines. This is a market that's really been driven by the development of the shale plays and the need for infrastructure to transport those products across the U.S. As a result, you are seeing an absolutely - a massive buildout of pipeline infrastructure to support the developing shale plays. The infrastructure is at the site of the shale plays, with gathering systems as well as transporting in or transporting out, which involves midstream and long haul pipes.

Right now, there is a lack of takeaway capacity for oil both in the Bakken and at the Cushing hub, so we are seeing the construction of a number of pipeline projects aimed at alleviating those capacity constraints. We are forecasting an increase of about 56% growth in pipeline spending in 2013...

It will be interesting to add additional pipeline data to "Pipelines of Interest."