Edison Electric Institute

News: New Analysis Highlights the Electric Grid’s Essential Role in Supporting the U.S. Economy and National Security

A new analysis conducted by Concentric Energy Advisors shows that the U.S. electric grid is a high-value national asset that supports the economy and national security by delivering the reliable power customers depend on every day. The report concludes that continued investment in a modern, interconnected grid—and thoughtful integration of large-load customers—will be essential to protecting those benefits as electricity demand grows.

America’s electric companies are projected to invest $239 billion this year to make the grid smarter, stronger, and more reliable. These investments help ensure the grid can continue to power the energy of every day, while keeping electricity as affordable as possible for all customers.

Key findings and data from the analysis include:

•Thoughtful integration shapes future costs: Concentric found that if large-load customers do not pay their share of fixed grid costs, the resulting nationwide cost shift to other customers could total between $120 billion and $169 billion over 30 years.
•Grid investments save money now and in the future: Every dollar invested in transmission infrastructure saves customers $1.60-$1.80 in future system costs.
•Off-grid solutions require substantially more capacity: To ensure reliability on their own, off-grid customers must build substantially more on-site generation and storage—often 70 percent or more above peak demand—than would be required if they were connected to the grid.

"The electric grid is one of the country’s most valuable assets and economic engines. As electricity demand grows, we must continue investing in the grid to ensure it continues to deliver those benefits for customers, communities, and businesses across the country." — Drew Maloney, President and CEO of the Edison Electric Institute

Press play to see how electric companies are strengthening the grid.

On the latest episode of The Deciders podcast, EEI President and CEO Drew Maloney highlighted how electric companies mobilize across the country to support one another, protect communities, and keep the lights on during severe weather events.

"What people don't understand about our industry is we have this huge mutual assistance program… [For Winter Storm Fern,] we mobilized 65,000 workers from 44 states, working 24/7 in really tough conditions. If there's a line down in a particular county, we know we can send the crew out there… If you need a transformer in Alabama and there's one in Idaho, we'll get it there. It's an amazing collective effort to keep the lights on."

☝️Watch the video clip below, and read more on : https://bit.ly/4dvLMD6

On a new episode of The Deciders podcast, EEI President and CEO Drew Maloney joined Brody Mullins and Lisa Camooso Miller to break down real, actionable solutions—starting with federal permitting reform. As Maloney notes, if Washington wants to tackle electricity costs, fixing the broken system that delays critical infrastructure is a vital first step:

"I think the challenge right now is that we’re in this affordability debate where people are struggling—whether it’s groceries, food, health care, or energy prices... It takes up to a decade or longer to build transmission lines or generation facilities because of the permitting process… The cost of that delay can be up to 25 percent of a project. So if Congress wants to do something about affordability with electricity prices, this is a great first step."

Beyond policy fixes, Maloney dispels a common myth by explaining how large-load growth from data centers acts as an economic solution that puts downward pressure on rates for everyday customers:

"Data centers can actually put downward pressure on rates. There have been 23 states with large-load agreements… You've had rate freezes in Alabama and Georgia and cost reductions in Louisiana, Indiana, and Michigan. We have to talk about the benefits to customers and dispel the myths that electricity rates are going up because of data centers—because they're not."

💡 Watch the clip below to see how large energy users help lower costs for everyone, and read the full interview details on : https://bit.ly/4dvLMD6

As the summer travel season kicks off, millions of Americans are hitting the road and taking to the skies for weekend.

Whether you're charging a device, catching a flight, or powering a backyard barbecue, America's electric companies are working behind the scenes to support your adventures.

We are committed to safely, responsibly, and reliably delivering the energy that powers your journey and keeps our communities moving.

Learn more at: http://energyofeveryday.com

News: Duke Energy is a finalist for the 98th Edison Award! 🏆

“This project is a first of its kind in the nation. It demonstrates how we can take excess solar energy and store it in the form of hydrogen to be used to generate power when our customers need it most.” — Reggie Anderson, Regional VP, Duke Energy Florida

Duke Energy’s DeBary Hydrogen Production and Storage System is the nation’s first end-to-end facility capable of producing, storing, and combusting up to 100% green hydrogen generated from solar energy.

▶️ Press play to see how turning excess solar into stored, on-demand power strengthens grid reliability and helps keep customer costs as low as possible.

Read more about this year’s finalists: https://bit.ly/3R3jQ0s

News: MyBGE is a finalist for the 98th Edison Award! 🏆

“This technology has been a real game-changer for our underground system, allowing us to remotely operate feeders and restore power faster than ever before.” — David Rosario, Supervisor, Distribution Automation, BGE

Baltimore Gas & Electric has expanded its auto-restoration system by deploying motor-operated switchgear (MOS) to underground feeders, enabling faster service restoration and improving reliability for customers.

▶️ Press play to see how this cost-effective, “self-healing” technology integrates with existing infrastructure to avoid thousands of service interruptions.

Read more about this year’s finalists: https://bit.ly/3R3jQ0s

Electricity powers nearly every moment of our lives—from the lights and devices in our homes to the hospitals, schools, and businesses our communities depend on.

Behind that power are America's electric companies. Governed by clear standards, accountable to our communities, and committed to our customers, we are working closely together to safely, responsibly, and reliably provide the energy of every day.

Learn more at: https://bit.ly/4eYCdxz