Energy Talk In Depth
CEOs Herald NEHC Progress at CERAWeek
During CERAWeek by S&P Global—a gathering of international energy executives held March 7-11 in Houston—two key electric company leaders provided an update on the NEHC’s progress in a discussion entitled “Charging Fast! Electrifying America’s Highways.” The session was moderated by Tim Gardner, S&P vice president of consulting.
“Through EEI, we’ve been working hard to make sure that we’re sharing best practices and thoughts on how we as electric companies can support the transition to electric vehicles,” said Pedro J. Pizarro, EEI vice chairman and president and CEO, Edison International. “Forecasts say we may see nearly 22 million EVs on U.S. roads by 2030—that’s only eight years from now. Clearly, there is a need to make sure we have a highway system that can support EV charging and the customer experience.”
“The industry is all in [on EV charging],” agreed Calvin Butler, senior executive vice president and chief operating officer, Exelon Corporation. “Our role is to partner with states and communities on federal funding. Each jurisdiction will do it differently, but electric companies will provide guidance and planning.”
Stay tuned for more updates from CERAWeek in an upcoming issue of Electric Perspectives.
AEP's Nick Akins and the New Great American Road Trip
In the latest issue of Electric Perspectives, American Electric Power chairman, president, and CEO Nick Akins writes about how clean electric energy is the future of everything, including how electric companies are working to make EV travel seamless:
“The transportation sector still accounts for the most greenhouse gas emissions in the United States, and, as electric companies continue to ramp up electricity production from renewable resources, this will have a profound impact on emissions overall. Even when fossil fuels are used to generate the power that charges EVs, the efficiency and environmental controls in place make for cleaner transportation than internal combustion engines.”
Reimagine Incentives: From Cost/Car to Cost/kW
Electric companies often offer all customers the same load shift incentives; however, not all customers can offer the same value back to the energy grid. By using enhanced analytics, electric companies can design their EV programs from a cost-per-car to a cost-per-kW value model, optimizing programs and increasing ROI. Learn more. Read more.
Pedro J. Pizarro, EEI vice chairman and president and CEO, Edison International, writes in Electric Perspectives about how the electrification of transportation supports the principles of equity and environmental justice:
“In 2019, Southern California Edison published Pathway 2045, a data-driven analysis of the steps that California must take to meet its 2045 clean energy and carbon neutrality goals. Pathway 2045 concluded that the most affordable, reliable, and equitable approach to meet those goals requires deep carbon reductions across multiple sectors, not just the electric power sector. The next dollar invested may have a bigger carbon emissions reduction impact when spent on an EV or a heat pump before eliminating the last molecule of carbon dioxide from electricity generation…. A major example is e-mobility, which has the double benefit of decarbonizing while cleaning the air locally for our most vulnerable communities.”