In mid-July, EEI President and CEO Drew Maloney joined President Donald Trump, U.S. Senator Dave McCormick, Pennsylvania Governor Josh Shapiro, EEI member and technology company executives, and other industry and government leaders at the Pennsylvania Energy and Innovation Summit.

“We applaud Senator McCormick for convening this event with President Trump and for shining a bright light on the critical role electricity plays in powering innovation and driving economic growth,” said Maloney. “The more than $90 billion in new investments announced will help fund energy infrastructure projects, connect data centers as quickly as they are built, and create thousands of jobs. These types of investments highlight the commitment of America’s electric companies to delivering the reliable, affordable electricity that makes innovation possible.”

During the summit, EEI member company PPL Corporation announced the formation of a joint venture with Blackstone Infrastructure to build, own, and operate new natural gas-based, combined-cycle generation stations to power data centers under long-term energy services agreements with regulated-like risk profiles that do not expose the companies to merchant energy and capacity price volatility. Additionally, EEI member company FirstEnergy Corporation highlighted its more than $28-billion investment to modernize local distribution systems and strengthen its transmission network, including $15 billion to be spent in Pennsylvania on infrastructure enhancements.

Read more on EEI’s website.