The Energy Information Administration (EIA) and the Interstate Natural Gas Association of America (INGAA) predict that more than $500 billion will need to be invested in gas generation and midstream infrastructure by 2035. Investment of this magnitude obviously requires careful consideration. Over-commitment to long-term gas investment could lead to many stranded assets—a costly outcome that could delay the transition to cleaner power. At a conference of the Center for Research in Regulated Industries (CRRI), Carl Linvill addressed the calls for exponential growth in gas investment, encouraging instead smart, risk-aware investment.Dr. Linvill proposes a combination of large-scale renewable energy, much greater grid extension and integration, and leveraging the subsequent cost-effectiveness of customer resources. Gas should be implemented selectively, as a complement to these lower-carbon options, to avoid the risk of stranded assets. This risk-aware approach supports smart gas investment by promoting resource inclusivity, procuring and dispatching cleaner energy resources first, making system needs transparent through markets, procurement, and planning, and effective permitting of beneficial resources.