Power lines run from the coal-fired Intermountain Power Project, which will close in 2025, outside U.S. power consumption was on track to rise to record highs in 2022 and 2023 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. The statistical arm of the U.S. Department of Energy projected power demand will climb to 4,022 billion kilowatt-hours (kWh) in 2022 and 4,045 billion kWh in 2023 from 3,930 billion kWh in 2021. That compares with an eight-year low of 3,856 billion kWh in 2020, when the coronavirus pandemic depressed demand, and an all-time high of 4,003 billion kWh in 2018. The EIA projected 2022 power sales would rise to 1,486 billion kWh for residential consumers, 1,367 billion kWh for commercial customers as more people […]