The electric power industry is a robust, $737-billion-plus industry that employs more than 500,000 American workers. In our nation’s economy, the industry represents 3 percent of real GDP. Approximately 70 percent of U.S. electricity customers are served by shareholder-owned electric companies.
These companies are highly regulated and are financed by the sale of stocks and bonds to the general public. These companies also are a significant source of tax revenue for state and local governments.
From a financial perspective, shareholder-owned electric companies rely heavily on the private sector for investment capital needed to finance their operations. They also raise money by issuing stocks.
- History of the Electric Power Industry
America enjoys some of the most reliable and affordable electricity in the world. But have you ever wondered how today's electricity system, with its "on-demand" power, got its start?
- Key Facts About the Electric Power Industry
Access this comprehensive overview of the nation's electric power industry, including key industry data and highlights from the industry's environmental record and financial performance. Plus, take a look ahead at how the industry will be powering America's future with innovative electric technologies and a modern grid.