New York, Chicago Grids Strain as Record Heat Wave Expands

Electric utilities across the US Northeast—including routes from Chicago to New York City—are bracing for sharply higher power demand as extreme heat builds over the eastern half of the country. The near-term risk is tighter supply conditions and higher electricity prices during peak usage periods, particularly if demand spikes outpace generation and transmission capacity.

Analysis

Electric utilities across the US Northeast—including routes from Chicago to New York City—are bracing for sharply higher power demand as extreme heat builds over the eastern half of the country. The near-term risk is tighter supply conditions and higher electricity prices during peak usage periods, particularly if demand spikes outpace generation and transmission capacity.