EEI Data: Electric Companies to Invest $1.4T to Support Customers, Power Growth
“America’s electric companies work every day to get more steel in the ground and electrons on the grid, improving reliability for customers and ensuring the United States is home to the industries, technologies, and jobs of tomorrow,” said EEI President and CEO Drew Maloney.
Investor-owned electric companies will invest $1.4 trillion through 2030 to strengthen America’s energy infrastructure, increase grid resilience, and ensure reliable and affordable service to their nearly 250 million customers, according to a new capital expenditures projection released by EEI.
The data, primarily compiled from EEI member company announcements and financial statements, also shows that the industry’s annual capital expenditures hit a record $204.1 billion last year—a 14th-consecutive year of record-high investment. In 2026, capital expenditures are projected to jump 17 percent to $238.8 billion and continue climbing for the foreseeable future.
“America’s electric companies work every day to get more steel in the ground and electrons on the grid, improving reliability for customers and ensuring the United States is home to the industries, technologies, and jobs of tomorrow,” said EEI President and CEO Drew Maloney. “The grid is the most important engine in America, and these investments show our industry’s commitment to powering the U.S. economy and the lives of our customers.”
Independent studies, including recent analyses from Lawrence Berkeley National Laboratory and Charles River Associates, have found that rising energy demand can lower prices for customers by putting more electrons on the grid and spreading fixed costs across a broader base.
EEI maintains a running snapshot of $900 billion in data center and large-customer investments supported by member companies, representing more than 55 gigawatts of connected load. These investments are being supported with customers in mind, with tariffs and fair share agreements protecting American households from higher bills as a result of data centers. At the same time, these investments support reliability, resilience, and economic development opportunities in communities across the country.
The $1.4 trillion that investor-owned electric companies will invest in the grid between 2026 and 2030 is an increase from the previous projection of $1.1 trillion to be invested between 2025 and 2029. Rising energy demand driven by electrification, industrialization, the onshoring of manufacturing activity, and data centers and AI technologies are creating a need for new energy infrastructure of all kinds.
Review more of the industry’s latest financial statistics at eei.org/data.