U.S. Utility CEOs Optimistic About Potential, Pace of Company & Industry Growth
Nine out of ten utility industry CEOs expressed confidence in the growth prospects for the industry over the next three years, and 87 percent indicated that growth opportunities are also abundant for their organizations, according to the 2016 KPMG CEO Study. Nearly 50% of CEOs also believe the industry is experiencing peak growth cycle right now.
KPMG’s survey of 41 U.S. utility CEOs found that they are more optimistic than their peers in other industries about the prospects for growth in their companies and the industry. They rank new markets and customers as the most important sources of this growth, and say their organizations plan to use a mix of inorganic (68%), collaborative (63%) and organic (59%) growth to drive shareholder value.