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Delivering America’s Energy Future
Delivering America’s Energy Future
The Electric Power Industry Outlook

​EEI’s member companies—America’s investor-owned electric companies—are leading a profound transformation that will deliver America’s energy future. EEIs 2019 briefing to Wall Street highlighted the electric power industrys financial performance and overall value, showcased our industry’s clean energy transformation, reinforced our customer-focused vision, and outlined EEI's 2019 policy priorities.

“Each day, EEI’s member companies are hard at work, providing the reliable, affordable, secure, and increasingly clean energy that our customers need and expect,” said EEI President Tom Kuhn. “At the same time, EEI’s member companies are transitioning to cleaner energy resources and reducing their carbon emissions; modernizing the energy grid and building smarter energy infrastructure; and delivering innovative energy solutions in a rapidly changing world.

“We are excited and optimistic about the opportunities we have before us. More important, we are confident the transformation we are leading will deliver America’s energy future. We are committed to putting our customers first, to maintaining reliability, and to keeping electricity prices low for all customers, especially low-income customers. We are advocating for policies that focus on outcomes, support progress, and accelerate innovation. And, we are working with the Administration and with policymakers on both sides of the aisle in Congress, and in the states, to find common ground and to advance policies that benefit our customers. 

“We can, and we must, work together to achieve meaningful progress with our nation’s energy priorities.”

Find an overview of EEI’s briefing on the state of the electric power industry on EEI’s Wall Street website, together with links to remarks and slides​.

Issue in Focus
Issue in Focus
EEI's Scott Aaronson Testifies on Grid Security

​On February 27, EEI Vice President of Security and Preparedness Scott Aaronson testified at a hearing of the United States Senate Homeland Security and Governmental Affairs Committee on protecting the energy grid against an electromagnetic pulse or geomagnetic disturbance. "The energy grid powers our economy and our way of life, and providing reliable service is a responsibility electric companies take very seriously," Aaronson said.

"Threats to that reliability have changed over time and continue to evolve. So, too, has our approach to security. EEI’s member companies prepare for all hazards—that means physical and cyber events, naturally occurring or manmade threats, and severe weather of every kind. Our security strategies are not put in place with one threat in mind. Our companies take a 'defense-in-depth' approach with several layers of security strategies, which are designed to eliminate single points of failure. Finally, since our companies cannot protect every asset from every threat all the time, we must prioritize based on the likelihood and severity of a threat, as well as work to manage impacts by restoring power quickly and safely regardless of why an outage occurred."

Read Aaronson's full testimony​.

News From the Hill
News From the Hill
Highlighting Energy Affordability During LIHEAP Action Day

​On LIHEAP Action Day—February 28—EEI and our member companies are heading to Capitol Hill to remind members of Congress and their staffs of the vital importance of funding the Low Income Home Energy Assistance Program (LIHEAP). 

Access to affordable energy is a matter of health and safety for everyone, yet millions of American families struggle to afford basic necessities. For them, LIHEAP is a vital source of aid, helping them pay their energy bills and avoid having to choose between energy and other essentials, like food or medicine. 

LIHEAP is an essential, widely supported federal program that delivers critical short-term aid to some of our nation’s most vulnerable citizens. Approximately 35 million households across the nation are eligible for LIHEAP assistance. Yet, inadequate funding for the program means that only 6.8 million receive basic help to pay their energy bills.

Each year, electric companies contribute millions of dollars to energy assistance programs for vulnerable customers and provide access to home weatherization programs, but the need for LIHEAP remains critical nationwide. EEI and the National Energy & Utility Affordability Coalition​ work together to advocate for LIHEAP funding. Learn more in EEI’s factsheet​.

Happening Now
Happening Now
EEI Celebrates Black History Month

​Each February, EEI and our member companies celebrate Black History Month. This year, EEI created a trailblazer series that highlights African Americans who have helped shape and advance the electric power industry throughout their careers. For example, Lewis Latimer (pictured above), a draftsman and inventor who refined Thomas Edison’s lightbulb design, was named one of 28 “Edison Pioneers,” joining a distinguished group who worked to keep the ideals of Thomas Edison alive and to build America’s electric power industry. Find more stories like Latimer’s in EEI’s story on our Delivering the Future website​.

Policy Perspectives
Policy Perspectives
Electric Companies Lead on Clean Energy

​Today, electricity customers increasingly are informed about energy, and it matters to them where it comes from and how they use it. Saving money, using less energy, and protecting the environment all are important to customers—and to EEI and our member companies as well.

Electric companies are leading a dramatic transformation of the nation’s energy mix. Here are three key facts you should know about the electric power industry’s progress on clean energy:

  1. ​Today, more than one-third of America’s electricity comes from carbon-free sources (including nuclear energy and hydropower and other renewables).
  2. Since 2005, the percentage of renewable sources in the energy mix has quadrupled—more than half of new electricity generation capacity each year is wind and solar. 
  3. At the end of 2017, the electric power sector’s carbon dioxide emissions were 28 percent below a 2005 high, the lowest level in three decades and lower than the transportation sector since 2016.

To ensure that the clean energy transformation reaches its full potential, EEI is advocating for public policies that increase research and development funding and support for the range of technologies needed to achieve clean energy goals, including energy efficiency, energy storage, renewables, existing and next-generation nuclear, other carbon-free technologies, and carbon capture utilization and storage.

We are calling on policymakers to help electrify the transportation sector—recognizing that transportation emissions now are the largest source of emissions in the United States—by modernizing federal transportation programs to encourage investments in electric transportation and charging infrastructure. Transportation electrification provides an opportunity to leverage the significant reductions in power sector emissions to achieve reductions in transportation sector emissions.

We also are urging policymakers to support ongoing investments in the energy grid, which are necessary to increase cost-effective electrification and to integrate advanced clean energy technologies reliably and affordably. And, we are promoting the development of more robust battery technologies for both electric vehicles and energy storage. An estimated 280 megawatts (MW) of advanced energy storage were installed in 2017, up 400 percent from 2014, and it is projected that another 338 MW of battery storage capacity were installed in 2018. Energy storage facilitates the integration of renewable energy resources into the energy grid.

Learn more about how electric companies use a diverse mix of resources​ to generate electricity, and how they are using energy storage to benefit customers.

In Case You Missed It
In Case You Missed It
EEI Chairman Lynn Good on Accelerating Our Customer Transformation

​“As we look to anticipate customers’ needs and proactively communicate with them, our fundamental goal must be to give them the control they want,” writes EEI Chairman and Duke Energy Chairman, President, and CEO Lynn Good in Electric Perspectives. “That can take many forms, from billing options and real-time outage information to tools that help them monitor their energy spending. 

“For Duke Energy’s customers, digital forms of communication have been the most satisfying by far. Our data shows that when we put control in customers’ hands, they report higher levels of satisfaction. With digital tools, customers don’t have to operate on our timeline or interrupt their day. Every other customer service with which they interact empowers them. Can we afford not to treat them the same way?”

Read more​.

In the News
In the News
National Engineers Week Highlights Opportunities in Energy

​Nearly every electric company relies on engineers to develop innovative improvements to the energy grid and create more efficient ways to generate, transmit, and use energy. During National Engineers Week earlier this month, EEI and our member companies worked together to celebrate the vital contributions that engineers make every day to providing the safe, reliable, affordable, and increasingly clean energy that electricity customers need. They also highlighted the tremendous opportunities open to engineers in the electric power industry. 

As the electric power industry leads a profound transformation of the nation’s energy, engineers are a key foundation for delivering the clean energy future that customers want and expect. EEI is a partner in the Center for Energy Workforce Development​ (CEWD), a nonprofit consortium of electric, natural gas, and nuclear companies, their associations, contractors, and unions, formed in 2006 to focus on the need to build a skilled workforce pipeline to meet future industry needs. CEWD’s Get Into Energy career website showcases numerous pathways open to engineers in today’s energy industry.

What We’re Reading
What We’re Reading
Edison International’s Pedro Pizarro on Planning for Cyber Incidents

​“We have a responsibility both to our customers and to the nation to plan for how we respond to, and recover from, a cyber incident that impacts the energy grid,” writes Edison International President and CEO Pedro Pizarro in Electric Perspectives​. “Our colleagues who serve on the Electricity Subsector Coordinating Council are working hard on these planning efforts.

“The key to our success is strong industry-government coordination. Electric companies do not have national intelligence-gathering capabilities, nor do we have a law enforcement mandate. Because of increasingly sophisticated cyber threats from nation states, our direct partnership with the federal government is more important than ever.

“That is why we at electric companies have been working with senior government officials on a unified cyber incident response strategy.”

Read more.

Company Spotlight
Company Spotlight
Ameren Missouri Plans 2,000 Projects to Upgrade Missouri's Energy Grid

​Ameren Missouri announced that it plans to invest $6.3 billion over the next five years to upgrade the energy grid across its 24,000-square-mile Missouri service territory—the largest infrastructure upgrade plan in the company’s history. The five-year plan includes $5.3 billion of electric and $1 billion in wind investments from 2019 through 2023 that will benefit Ameren Missouri's customers by offering them smarter energy infrastructure and cleaner, more reliable energy, all while keeping electricity bills stable and predictable.

Ameren Missouri’s Smart Energy Plan includes more than 2,000 individual projects designed to deliver these benefits to customers. These projects include adding new smart grid sensors, switches, and self-healing equipment to detect and isolate power outages quickly—reducing the number of outages and speeding power restoration when service interruptions occur. Smarter, automated equipment and 12,000 new power poles for storm hardening, many fortified with composite materials, will better withstand severe weather. More than 70 new or upgraded substations will increase reliability and serve more customers through a streamlined energy grid that is more cost-effective and efficient, while more than 400 miles of new underground cable and equipment will enhance efficiency and reliability. Major renewable energy projects will continue the transition to cleaner energy for customers, including $1 billion for wind energy in 2020 and adding more solar energy and battery storage to boost reliability cost-effectively, particularly in rural areas. The company also plans to add more than 800,000 smart meters by 2023 to give customers greater insight and control over their energy options and costs.

“Building a smart grid for the future of energy in Missouri is foundational to our mission to power the quality of life for our customers and the communities we serve for generations to come,” said Michael Moehn, president of Ameren Missouri, a subsidiary of Ameren Corporation. “We have developed a forward-thinking and customer-focused infrastructure upgrade plan that will not only produce a grid that is more reliable and resilient, but also be able to accommodate more renewable energy. Our Smart Energy Plan will position us to deliver on our promises to provide more customer benefits, while at the same time keeping rates stable and predictable.”

Each year, EEI’s member companies invest more than $100 billion to make the energy grid smarter, stronger, cleaner, more dynamic, and more secure. The electric power industry is the nation’s most capital-intensive industry, making investments that are critical to delivering America’s energy future.

In Memoriam
In Memoriam
Remembering Former U.S. Congressman John Dingell

​EEI President Tom Kuhn commented on the recent death of former U.S. Rep. John D. Dingell (D-MI):

“For nearly six decades, John Dingell worked in Congress to shape public policies to move the electric power industry and our nation forward. I know from personal experience how dedicated and passionate Congressman Dingell was about energy and how he long fought to improve the energy and environmental policies of our country.

“Congressman Dingell also worked to promote labor-management cooperation, and his legacy is embodied in the John D. Dingell Award, which is presented each year by EEI and the International Brotherhood of Electrical Workers to recognize his spirit of collaboration.

“Congressman Dingell will be remembered for his unmatched commitment to public service, his wealth of experience, and the wisdom he brought to his work. I will remember him for his terrific leadership and his friendship, and for working tirelessly to develop consensus on both sides of the aisle and to enact policies to benefit customers.

“There's a saying that people mellow with age. This never applied to John Dingell. He never stopped fighting for Michigan's families and workers, and he never stopped fighting for innovative solutions to our nation's energy and environmental issues.

“On behalf of EEI and our member companies, I extend my deepest condolences to John's wife, Congresswoman Debbie Dingell, and to his entire family.”

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