The forecast for the gross output of state and local government electric utilities in the US indicates a steady growth from $43.04 billion in 2024 to $45.56 billion in 2028. This represents an average annual growth of approximately 1.4% over these five years, pointing to a stable yet moderate expansion in this sector. Year-on-year variations show consistent increases, reflecting ongoing investments and demand in the utilities sector.

Future trends to watch for include:

Increased adoption of renewable energy resources influencing utility output and investment.
Technological advancements such as smart grid technology potentially improving efficiency.
Policy changes at the state and federal level driving shifts in energy mix and regulatory compliance.