With first quarter earnings reports, utility investment plans spiked, adding over $10 billion in short-term capital expenditures compared to Current’s assessment earlier this year (Current, March 5, 2010). The capital spending is for big projects like advanced metering systems, new power plants, as well as transmission and distribution infrastructure. It does not include operations. According to utility data, proposed and approved investments include: -In the next two years, Pacific Gas & Electric plans up to $9.9 billion in capital expenditures. -Sempra, in the next four years, presents up to $15 billion in investments. -Southern California Edison plans to fund $21.5 billion in new projects and infrastructure in the next five years.