EEI > Delivering The Future
EEI Delivers State of the Industry Address
March 2017

​In early February, EEI delivered its annual state of the U.S. electric power industry address to Wall Street analysts, bankers, and investors. EEI President Tom Kuhn and members of EEI’s officer team discussed a wide range of issues and outlined top industry policy priorities, which include supporting comprehensive tax reform; streamlining and expediting the process for permitting and siting energy infrastructure; updating state regulatory approaches for planning, pricing, and allocating the costs of the distribution system and providing flexibility in pricing customer services, including energy grid services; and promoting workforce development, smart cities, and electrification.

“EEI will work with President Trump and with key policymakers on both sides of the political aisle to develop an agenda that supports investments in infrastructure, grows the economy, and recognizes the vital role of the energy grid and the importance of maintaining reliable, affordable, secure, and increasingly clean energy for all customers,” said Kuhn.

EEI’s member companies are investing more than $100 billion each year, which is twice the level of investment of just a decade ago. Furthermore, member companies spent a projected $120.8 billion in 2016 and, as an industry, contributed more than 2 percent to America’s GDP. The industry provides more than one million well-paying jobs for men and women both directly and indirectly across the country.

The industry also is committed to a clean and affordable energy future. Today, one-third of U.S. power generation comes from zero-emission sources--nuclear energy and renewables, such as hydropower, wind and solar. As of 2015, industry carbon dioxide emissions were nearly 21 percent below 2005 levels. With declining prices for natural gas, renewable energy, and new technologies, this trajectory will continue.

EEI also reinforced the industry’s commitment to protecting the energy grid against natural and manmade threats.

“Protecting the energy grid is our top priority, and every day we are working to improve grid security, reliability, and resiliency,” said Kuhn. “Our security strategies constantly evolve and are closely coordinated with the federal government through a partnership called the Electricity Subsector Coordinating Council (ESCC). By working together through the ESCC, industry and government greatly enhance our nation’s ability to defend and protect against cyber and physical security threats.”

“It is up to us to deliver the energy future our customers want and expect—it is a great privilege, and one that comes with awesome responsibility. To deliver on this future and our customer-driven vision, we are focused on smarter energy infrastructure, cleaner energy, and innovative energy solutions,” Kuhn concluded.