Electricity is having its biggest moment in a generation. After two decades of flat growth, U.S. power demand is climbing at a historic rate, driven by advanced manufacturing, electrification, and load growth from data centers. Even though data centers have captured public attention, their role in America’s energy landscape is nuanced: When connected to the grid, they lower price pressures, drive economic development, and ultimately benefit customers and communities across the country.

Large-load data centers not only help reduce electricity costs for retail customers but also deliver meaningful community benefits through investments in the local areas where they operate. EEI member companies actively work with tech companies and data center developers to strengthen benefits in surrounding communities.

Rate Payer Protection

EEI member companies ensure new customers pay their full cost of service, freezing or even lowering rates for existing customers in the process. This same principle is reflected in the White House Ratepayer Protection Pledge that formalizes an approach electric companies have been executing for years: hyperscalers are responsible for securing their own power supply, funding necessary infrastructure upgrades that benefit everyone, and paying for the capacity they reserve regardless of actual electricity use.

Alliant Energy

Regulators in Wisconsin recently approved We Energies’ Customer Protection Plan, ensuring that the cost of hosting data centers will not affect residential customers. In addition, Wisconsin regulators approved a contract for Alliant Energy to power a Meta data center without impacting residential customers. Alliant Energy is currently in the middle of a five-year rate freeze facilitated by the company’s data center customers.

DTE Energy

DTE Energy announced that, following its latest filing with the Michigan Public Service Commission, it intends to pause requests for electric rate increases for at least 2 years. The decision is driven by growing demand from data centers, with two new data center agreements expected to support nearly $9 billion in grid upgrades funded by large-load customers.

NiSource

In April, NiSource announced a data center agreement with a subsidiary of Alphabet and expanded an existing agreement with Amazon. Under the NIPSCO Generation LLC (GenCo) model, NiSource customers will receive a total of $1.4 billion in savings. The GenCo model ensures residential customers are not impacted by large load customers' new generation and that tech companies pay their fair share of the cost.

“As data center demand continues to grow across our service territory, we are helping to ensure that new large-load customers support the infrastructure needed to serve them while existing customers benefit through bill credits as those customers ramp,” said NiSource President and CEO Lloyd Yates in a statement. “We are proud to support Indiana’s economic development momentum through a model that advances affordability, reliability and long-term growth.”

Southern Company

Georgia Power and Alabama Power announced plans to freeze customer rates due to their work with data centers and large load customers. Alabama Power’s freeze lasts until 2027, while Georgia Power’s freeze runs through 2028.

Investing in Communities

Beyond customer savings, data center partnerships are generating direct, measurable benefits for the communities that host them.

Dominion Energy

In Henrico County, Va., Dominion Energy has collaborated with Virginia’s Local Initiative Support Corporation (LISC) to create the Solar Access Henrico program. This new model helps low-income households install solar systems and lower their electricity bills through a $5 million contribution from the QTS data center.

Since launching in 2025, the program has already helped 96 homeowners in five communities across Virginia install solar systems. Over the next 30 years, these households are expected to save more than $5 million thanks to the solar system.

“County leaders worked with the data center, the developer and the power company on a strategy to allay fears and reduce expenses for residents,” said Executive Director of LISC Virginia Jame Ferrara in a statement. “It helps people protect their homes while also creating more local jobs.”

To qualify, households must earn 80 percent or less of the area median income, or up to $90,800 for a family of four in the greater Richmond area that includes Henrico County. Installation runs approximately $20,000 per home and includes a 20-year warranty.

Entergy

Entergy’s recent partnership with Meta is expected to deliver $2 billion in savings to Entergy Louisiana customers over the next 20 years, while also giving back to local educators. Increased tax revenues from Meta’s data center project have recently enabled Richland Parish teachers to receive annual bonuses of up to $50,000. The annual bonuses are 400% higher than the previous year.

“It’s life-altering for our teachers and their families, and it’s transforming our schools,” said Superintendent of the Richland Parish School District Sheldon Jones in a statement. “Meta’s investment has made Richland Parish a destination for education as well as industry,” Jones explained.

Bringing Jobs

Data centers also create new opportunities for workers, local businesses, and regional economies.

Dominion Energy

Through the partnership among QTS data centers, Dominion Energy, and LISC, the solar panel model is not only designed to reduce utility costs, but also to support local jobs. These jobs include local solar installations and clean-energy opportunities.

“This program is offering proof of concept for the larger idea that solar and efficiency funding can address the larger housing and energy affordability challenges, while also creating jobs in partnership with utilities and major data firms,” said LISC Senior Vice President John Moon in a statement.

Duke Energy

Duke Energy has partnered with Amazon to power the AWS data center in Richmond County, NC. Amazon’s data center brings 2,000 temporary jobs to the area and 500 permanent roles. Additionally, Amazon has partnered with Richmond Community College to provide students with information about data center careers and pathways to enter the field. This initiative is designed to help local residents gain the skills and qualifications needed to secure higher-paying jobs within the data center sector.

Entergy

Meta’s partnership with Entergy Louisiana will create 1,000 jobs in a community of 20,000 people once operational. Louisiana Delta Community College is receiving a $5 million donation from Meta to create scholarships to train residents for data center jobs. Additional benefits include Louisiana local businesses receiving over $1.6 billion in contracts from Meta since construction began in 2024.

Meta also provides training to local small businesses in Louisiana and invests in programs connecting businesses and workers to opportunities at the data center site. This includes developing subcontracting partnerships that support workforce development opportunities through local colleges and universities.

Furthermore, thanks to the increased bonuses for teachers in Richland Parish, Superintendent Jones says this is the first time in his 30-year career that every teacher who interviewed was fully certified. Higher bonuses attract better educators, and Jones is confident that if the Richland Parish School District attracts the best teachers, they will become the best school district in the region.

Research Shows Data Centers Benefit Communities

An increasing number of studies, including those from the Electric Power Research Institute (EPRI), Columbia University's Center on Global Energy Policy, Lawrence Berkeley National Laboratory, and Charles River Associates, reach a similar conclusion about data centers. Research suggests that data centers typically exert downward pressure on electricity rates and benefit existing customers.

For example, a study conducted by EPRI found that the increase in the number of data centers from 2015 to 2024 led to a 4 percent decline in retail electricity prices. In addition, the Lawrence Berkeley study found that state-level load growth was associated with a decline in average retail electricity prices across most states from 2019 to 2025.

This system will only work if “fair share agreements,” or large-load tariffs, ensure that new customers on the grid pay their full cost of service. Across our member companies, large customer partnerships are being established to deliver real, quantifiable benefits back to existing customers.

Fair share agreements with large load customers “place downward pressure on average prices” for all customers when implemented correctly, according to a new analysis from The Brattle Group.

The study, commissioned for Alliant Energy, looked at large load demand in Iowa and Wisconsin. It found that tariffs and contracts that ensure hyperscalers and large customers pay their fair share not only protect existing customers from cost increases - they help ease price pressures by paying for grid upgrades and spreading fixed costs across a larger base.

As of June, regulators in 24 states - including in Iowa and Wisconsin - had approved at least one large load tariff, which electric companies use to ensure residential customers don’t subsidize energy infrastructure needed to serve data centers. Decisions are pending in an additional four states.

“Our analysis shows that affordability outcomes will depend significantly on how utilities structure rates, contracts, and cost allocation mechanisms,” Brattle Principal Ryan Hledik, a coauthor of the report, said in a statement. “When incremental revenues from large customers meet or exceed the costs they impose on the system, existing customers can be protected while communities still benefit from economic development and infrastructure investment.”

The study noted that states experiencing the fastest electricity demand growth have historically seen the largest declines in inflation-adjusted electricity prices. Its findings add to a growing pool of research suggesting data centers and large load customers do not drive up electricity prices for customers when electric companies implement tariffs and other specialized contracts to protect customers.

A separate recent analysis from Lawrence Berkeley National Laboratory and The Brattle Group found that “state-level load growth was linked to declining all-sector average retail prices in recent decades, including from 2019 to 2025, in most states.” And, earlier this year, a Charles River Associates study similarly found that electricity rates have remained broadly stable in most states and have generally tracked inflation over time. Outside the PJM Interconnection region, it found that customers have largely been shielded from cost increases related to data centers.

Alliant Energy is in the midst of a five-year rate freeze in its Iowa service territory that was made possible by data center and large load investments in the grid. Similar rate freezes have been approved in Alabama and proposed in Michigan, Wisconsin, and other states.

An Alliant Energy-supported data center project in Cedar Rapids, Iowa, and the benefits it has provided to the surrounding community were the focus of a recent episode of the Electric Perspectives podcast. Learn more at electricperspectives.com/podcast.

On a new episode of The Deciders podcast, EEI President and CEO Drew Maloney joined Pulitzer Prize-winning journalist Brody Mullins and veteran D.C. strategist Lisa Camooso Miller to discuss rising electricity demand, responsible data center growth, grid innovation, and challenges facing customers in the PJM Interconnection market.

The following is edited for length and clarity:

Brody Mullins (BM): Drew, your career has spanned Capitol Hill, the Treasury, private equity, and now the Edison Electric Institute. Tell us about your journey.

Drew Maloney (DM): I grew up talking about political issues with my family. My mom worked on Capitol Hill. She was a staffer. My parents were introduced on a blind date by Senator Chris Dodd. I had an uncle that worked for Hubert Humphrey's campaign.

We always talked politics, and I knew, at some point, I wanted to get involved in politics. After college, I went down to Williamsburg, Va., and I ran a state senate campaign. It was the best experience that I had. You had to learn to make quick decisions, drive a message, and build a coalition at 22 years old.

From there, I came to Capitol Hill and got to work for some great members. Senator Roger Wicker, who was in the House at the time. Congressman Tom DeLay. What I really learned from them is how to put together coalitions.

Congressman DeLay was the Whip at the time, and he would often have Congressman John Murtha, a big Democrat at the time, and Congressman John Dingle in his office. They were trying to figure out how they could piece things together—how they could get things passed. Watching how they maneuvered and counted votes was instrumental in figuring out how to be an advocate here in Washington.

That had a natural progression toward advocacy. I was fortunate enough to go into the U.S. Treasury during the tax reform process, and then I worked in private-equity advocacy and am now here at EEI, which is the top trade association for electric utilities in the country.

It’s been a great ride. I’ve had great experience, and I love doing what I do.

BM: You worked at the Treasury Department during the first Trump Administration, and you mentioned the tax reform bill. Tell us about that journey.

DM: Looking back at 2017, you had Speaker Paul Ryan, who had probably started to think about tax reform when he was in kindergarten. You had Representative Kevin Brady, and then you had the Senate and Senator Mitch McConnell.

For 30 years, we hadn't had tax reform. You had to go back to 1986 before there was major tax reform. There was a lot of work that went into the thought process around tax reform coming into 2016-17.

You finally had in the White House a willing partner, a businessman who had been elected who understood the importance of tax reform and the economic growth that it can provide. It was a fantastic time to be part of something that was very unique. It really was a great partnership to have between House, Senate, and the White House.

Lisa Camooso Miller (LCM): Let’s talk more about your members, specifically, and what issues they’re focused on.

DM: EEI represents 63 different utilities. We have members in every state around the country, and we provide energy to 250 million Americans—75 percent of Americans get their electricity from us. There’s enormous growth, and we are there to meet that growth. That’s why we’re investing. We’re providing reliable and affordable energy.

This is an inflection point right now for the industry.

BM: Two of your biggest members recently announced a merger: NextEra Energy and Dominion Energy. Why is there consolidation in the industry right now?

DM: It's all about scale. In order to be able affordability and build out the grid to provide um a resilient system—a reliable system—you need as many resources as you can as you can capture. That’s one of the goals of the merger: You get that scale, and the beneficiary will ultimately be the customer. You can capture that and put downward pressure on rates over the long term.

LCM: What would you say is the biggest misconception about the electric utilities?

DM: The biggest misconception is that we really are innovators. If you think about the grid, it was first built about 150 years ago. It's probably the most critical economic and national security engine that we have, but it takes a lot of investment to maintain. That's why you see us investing more than a trillion dollars over the next four years in building out the grid.

What people don't see is all the innovation and technology behind the grid. We're constantly putting out new technologies that can determine whether the grid can handle more capacity so it can deliver more power to people's houses.

If you go into one of our control centers, it's like a starship inside. You can see your entire grid and know what's happening in one town versus another. If you have cold weather here and warmer weather there, you can keep moving things around to make the system as efficient as possible. You probably couldn't do that 20 years ago. It's an amazing amount of investment to make the system work better and be more resilient, more reliable for our customers

We are making the customer experience better by including information in bills that lets you figure out that it’s better to run your washer and dryer at night, or it’s better to plug in your car at night, charge your phone at night, because the electricity rate is cheaper when people are using less electricity.

One of the things that's really been critical over time is, now that we have more severe storms, whether it’s winter storms, tornadoes, hurricanes, or wildfires, we are developing these sensor technologies that can tell us when a tree is getting too close to a wire that may trigger a fire.

We can reroute systems when a line goes down so we can provide power and go around the downed line. There's so many of these technologies and so much innovation in our industry that people don't see every day.

LCM: Affordability is one thing that both parties are talking about right now. What are some of the things your members are doing to address that particular issue?

DM: 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. Every company is dealing with this and addressing it with their customers. We have programs that help customers who can’t pay their bills, that can stretch out payments. Every single company is wrestling with this issue. 

But I think what we have to do is keep reminding people of the value that we provide. If you think about your home, there are about 21 connected devices right now—your smartphones, your computers, your televisions—and on top of that, there are probably another 75 things that get plugged in… your hair dryer, your water heater, your electric toothbrush. All of this requires power. What our job during this time period is to remind people of that value—that for basically the cost of a box of cereal every day, all of those devices work. And that’s really an incredible feat.

LCM: Tell us about Energy of Every Day. What’s the message? What’s the goal of the campaign?

DM: We started this campaign about six months ago. The idea is to remind people of the value of what we provide. There's so much that happens in your daily life, from when you wake up to when you go to work to when you come home, that electricity drives.

You think about how transformational this has been over time. Thomas Edison builds his first power station in lower Manhattan to power Wall Street 150 years ago. Today, we have this enormous grid, this grid that's powering economic activity throughout the world. It's an amazing story, and that's what the Energy of Every Day campaign is telling. It's reminding them that everything they do in their lives is powered by us, and we do it as reliably and affordably as possible.

BM: We’re coming up on EEI 2026. Tell us about it.

DM: This is the leading conference for electricity leadership throughout the United States. We're going to have leaders of our companies in Las Vegas, along with leaders of tech companies, our partnerships, and government officials. It's a great opportunity to highlight some of these innovative technologies that we're using that are making the grid more reliable, safer, and keeping costs down—it's really the place to be if you're in electricity.

BM: There's a feeling that AI and data centers are really going to drive up demand for electricity and therefore increase customer bills. Is that true?

DM: It's not. A group called E3 put out a study that highlights the fact that data centers are not driving up costs. It's another one of these inflection points in the U.S. that, if you do this right, data centers can actually put downward pressure on rates.

There have been 23 states that have these large load agreements right now. If you look at those states and what happens after these data centers have been announced, you've had rate freezes in Alabama and Georgia. You've had cost reductions in Louisiana, Indiana, and Michigan. All of these states announcing these future data centers are going to see some downward pressure on their rate.

BM: And is that because the companies are paying back into the system? Where does the downward pressure come from?

DM: It's like if you have a bus, and the bus costs $100. If you have 10 people on that bus, it's $10 a person. But if you add 10 more people on that bus, it's suddenly $5 a person. The grid is a fixed-cost system. When you add a large payer on that system, it helps drive cost down for everyone on the system. It also allows for more investment so the system becomes more reliable over time.

LCM: You mentioned AI data centers. That’s a hot topic. What about these discussions do you think is misleading?

DM: If you take a step back on data centers, we currently have over 4,000 data centers in the U.S. already operating. So much of our daily life involves data centers that we don’t see—online shopping, posting memes on the internet, online banking, health records.

All these activities happen in AI data centers. I think it’s overcoming that natural aversion to data centers. What we have to do is talk about the benefits to customers and dispel the myths that electricity rates are going up because of data centers — because they’re not.

LCM: Who is paying for the new infrastructure to build and maintain the data centers?

DM: The data center companies are paying for it. It’s pure and simple. They’re bringing their own power by paying for that. They’re paying for the interconnection. They’re paying for the grid upgrades. That’s why you see most of this regulated at the state level.

You’ve seen these 23 states and another handful of states pending these large-load agreements which require these data centers to pay their fair share. There’s no free ride that they’re getting. That’s a big myth. You also can’t engage early enough. I think one of the challenges we’re seeing is you have to be transparent about what you’re doing as an AI data center in a community, and you have to engage early.

We've had a history of more than 100 years in most of these communities providing power. We know what it takes to have that customer relationship, and they need to do that as well. They can partner with us in a lot of cases.

BM: Does permitting reform have a chance of passing this year?

DM: It’s the one issue Congress can actually work on that can affect the affordability debate. It takes up to a decade or longer to build transmission lines or generation facilities because of the permitting process. You’ve got to get multiple permits from multiple agencies. The agencies don’t talk to each other. This is an opportunity to fix that.

And the cost of that delay can be up to 25 percent of a project. If Congress wants to do something about affordability with electricity prices, this is a great first step.

I’m really optimistic. I’ve been here about 30 years. I have never seen an effort so focused on trying to get permitting reform done. The number of groups, the resources being put into this, the bipartisan energy trying to get this done—I’m optimistic.

Whether it gets done between now and November or now and December, I don’t know. But I feel like now is the time to do it. There’s a lot of interest on both sides of the aisle and a recognition that we do have to do something.

It’s been too long and these regulations have become too burdensome.

LCM: When you think about regulators and how they plan for short-term and long-term, how do regulators and electric utilities balance investment in long-term infrastructure versus near-term need?

DM: The good news with the utility industry is we plan over a 30- to 50-year process.

We build power plants, transmission lines, distribution systems meant to last 30 to 50 years.

That means we can spread the cost out over that amount of time, which is really better for the customer over the long term.

BM: Charles River Associates recently did a study on your industry. What did they conclude?

DM: They highlighted the fact that data centers are not driving cost for customers.

They also highlighted that about 34 states have kept their average electricity rates below the national average. The whole debate on electricity cost is different region by region. The Southeast has maintained lower rates. California has had higher rates largely because of wildfire mitigation. They’ve had to bury lines and do more to protect wires against fires. That costs money and is ultimately borne by the customer.

In PJM and the New England area, there’s just a lack of generation. It’s a deregulated market, and in a high-growth time period when you can’t control the generation build, the customer is suffering in those marketplaces.

BM: You mentioned deregulation. It sounds like after 20 years they’ve learned some things in the Northeast. Talk about that.

DM: I think the problem is the deregulated market in PJM is broken, and customers are paying the price. The power generators—which can be 50 percent or more of your bill in these markets—are unregulated. That has to get fixed. The states have no real control over them, but they have control over us.

The people getting utility bills get them from us, but more than half of the bill in PJM is not imposed by us. Everyone—including the White House—has acknowledged that the PJM market is not working and that it has to get fixed. We need more steel in the ground. We don't really care who builds it. We'll build it. They can build it. But somebody needs to start building.

If nobody’s building, the generators are going to keep making more money and customers are going to keep paying.

BM: For my entire life Republicans have said deregulation is good and leads to lower prices. Now you’re saying, in this particular case, deregulation is bad and led to higher prices.

DM: I think this is a unique time period. We’re in a very high-growth period. You need a lot of planning, and in this deregulated marketplace it’s tough to match those up.

The generators will say they’re not getting a big enough price to build more. If you think about our obligation to serve, we have to provide power to everybody. That’s why it’s historically been a regulated business. You want everybody treated equally across the system.

If you leave it to a totally deregulated model, everybody flocks to urban areas and rural areas get left behind, because it costs more money to string a wire to fewer people. It’s a model that has worked for 150 years, and we’re very proud of it and committed to our customers.

LCM: You mentioned storm response earlier. Talk about that process and where you’re seeing the greatest impact.

DM: My first experience with a storm at EEI was Winter Storm Fern, which was a huge ice storm that started in Texas and worked its way across the Mid-Atlantic and ended up here with “snowcrete.”

It was a significant event that ended up having about a million homes out of power on Day 1. Ninety percent of those homes were back up within days.

What people don't understand about our industry is we have this huge mutual assistance program. Days before the storm, we get on calls with our government partners in Washington, in states and localities, and all of our other utilities in unaffected states. We mobilized 65,000 line workers from 44 states, working 24/7 in really tough conditions. If there's a line down in a particular county, we know and we send the crew out there. It’s an enormous collective effort where everybody shares.

Not only do they share line workers and personnel, but they share equipment. If you need a transformer in Alabama and there’s one sitting in Idaho, we’ll get it down there. It’s an amazing collective effort to keep the lights on.

LCM: It’s amazing. They’re these unsung heroes that nobody realizes. They’re traveling often from three or four states over to come in and get the line back up and running.

BM: You worked in the first Trump Administration. You worked in the transition going into his second term putting many officials in place. How would you describe your work with the Administration?

DM: We’ve worked very well with the Trump Administration on energy policy issues and find the working relationship to be good. Like a lot of things, you play the long game with any Administration.

We maintain a good working relationship. There are things we don’t always agree on, but, nonetheless, we keep pursuing what we want to do, which is provide more reliable and affordable power.

BM: What decision from the past year are you most proud of?

DM: Hiring a great team. We had a great team at EEI. We built an even stronger team and integrated that team to really deliver the results in this modern-day advocacy environment. That’s been my proudest moment.

BM: What’s one thing you’d like to do over?

DM: If you look back at the year, I was so focused on dealing with everything inside EEI.

I really want to spend next year going out in the field, visiting plant facilities, going to more operations, seeing the line workers and how they actually repair lines. That’s my next-year goal: to get out there and do more in the field and get out of the Washington bubble.

BM: What’s something people in Washington are not thinking about but should be?

DM: I think right now it’s a time period where you don’t have to swat at every fly.

You have to be very calculated in what you’re going to do and you have to play a longer game. Don’t get caught up in the emotion. There’s going to be a negative tweet by somebody. There’s going to be an op-ed you don’t like. There’s going to be a quote in a story you don’t like. But don’t overreact.

You have to have a long game. You have to stay focused and don’t get knocked off it. Most Americans are not paying attention to all the little tweets, op-eds, comments, and papers.

Stay focused on your long game.

In a new interview on The Energy Gang podcast, EEI President and CEO Drew Maloney discussed rising electricity demand and the need for new generation, permitting reform, and responsible data center growth. 

Listen to full episode here. 

Managing Data Center Growth Responsibly: 

“The goal is clear: we don’t want existing ratepayers to bear the burden of new data centers,” Maloney said. “When it’s done right, these investments can actually put downward pressure on rates.” 

He pointed to the increasing number of large-load agreements and the White House’s Ratepayer Protection Pledge, designed to ensure data centers and other large customers pay their fair share and help reduce costs for local families and businesses.  

Historic Electricity Demand and Grid Investment: 

“When you look back at America’s history, the transformational infrastructure investments were railroads, the interstate highway system, and the electric grid,” Maloney said. “Today, we are once again investing in the most critical engine of our economy—the electric grid.” 

“In the last two years, we’ve seen demand growth double, and it will likely continue,” he added. “At the end of the day we need more generation and more steel in the ground.” 

Affordability and Reliability: 

“Americans are feeling cost pressures across the board—food, health care, housing, and energy,” Maloney said. 

He noted that electricity prices vary by region, but data show about 34 states have kept rates below average over the past five years. 

“When Americans flip a light switch, turn on their heat or air conditioning, or plug in their phones, they expect it to work,” he said. “That’s our commitment—to deliver reliable and affordable power every day.” 

PJM and the Need for New Generation: 

Maloney also addressed ongoing challenges in the PJM Interconnection region, highlighting concerns about rising costs and a lack of new generation in the region. 

“There’s bipartisan frustration—from FERC, the White House, and governors—because this is not sustainable,” he said.  

Permitting Reform and Building Infrastructure Faster: 

“We’re seeing momentum around solutions, including permitting reform, which is critical to getting projects built on time and at lower cost,” Maloney said. 

“It can take a decade or longer to build transmission in the United States,” he added. “That delay can increase project costs significantly—and those costs are ultimately borne by customers.” 

Convening Energy and Technology Leaders at EEI 2026 in Las Vegas (June 2-4): 

“At EEI 2026 in Las Vegas, we’ll bring together one of the largest gatherings of electricity experts and thought leaders,” Maloney said. “We’re looking forward to hearing from leaders across the energy and technology sectors as we work together to power America’s future.” 

Lawmakers on Capitol Hill put America’s transmission infrastructure front and center Wednesday during a House Energy & Commerce Committee hearing.

Policymakers and industry experts focused on permitting for, investing in, and upgrading one of the energy grid’s central pillars: the transmission network integral to moving electrons from power plants to homes, businesses, and government facilities across the country.

Southern Company Senior Vice President of System Planning Clay Rikard represented America’s investor-owned electric companies during the hearing.

Rikard stressed to lawmakers that “we are experiencing unprecedented load growth, and our electric utilities are moving with speed to provide power to our customers that is both reliable and affordable.”

Read on for highlights and key takeaways from Rikard and the other energy leaders testifying before the panel:

America’s Electric Companies are Protecting Customers Amid Data Center Buildouts

Transmission Is the Backbone of the Energy Grid

The Federal Government Has a Role to Play…

…But State- and Region-Specific Solutions Are Vital

The Regulated Business Model Puts Customers First

Federal Permitting Reform Is a Must

Nelson Peeler, Duke Energy Senior Vice President for Grid Strategy, Planning, and Integration, stressed to lawmakers that “large new electricity customers, if integrated into the grid responsibly, present local economic development opportunities and can limit rate growth by spreading the fixed costs of the grid across a larger base.”

Watch a recording of the hearing, and see below for highlights and key takeaways:

1. The Regulated Business Model Benefits Customers.

Electric Perspectives:

2. Companies and Regulators Are Protecting Customers From Added Costs.

Electric Perspectives:

3. One-Size-Fits-All Data Center Solutions Are Unrealistic.

Electric Perspectives:

4. Grid Investment Will Be Critical to Meeting Demand.

Electric Perspectives:

5. Grid-Enhancing Technologies Are Making the Most of Existing Assets.

Electric Perspectives:

4 Takeaways:

1. Industry and Government Agree: Tech Companies Should Pay Their Fair Share.

Context: Electric companies and their government and regulatory partners are aligned on protecting residential customers by ensuring data centers and large loads pay for the infrastructure needed to meet their energy demand.

Many data center developers are also on board, particularly after the White House unveiled its Ratepayer Protection Pledge to ensure tech companies pay their fair share to access the grid.

EEI in March published a snapshot of the data center projects its members are engaged in, detailing 39 gigawatts of projects and $840 billion in investments. These projects are bringing economic development to communities across the country without raising customers’ bills.

Electric Perspectives:

2. Companies Are Protecting Customers.

Context: Twenty states have approved a large load tariff, charging higher, specialized rates to large load customers to ensure they fund the grid upgrades and infrastructure projects needed to meet their energy demand. Nine other states are actively considering them.

Two states where tariffs have been approved are Alabama and Georgia, where Southern Company has implemented multi-year rate freezes thanks to data center and large load development.

A recent report from Charles River Associates (CRA) found that—outside of the PJM region—data centers have not driven up residential rates.

Electric Perspectives:

3. Market Structure Matters.

Context: Vertically integrated companies that own their own generation are among the most closely regulated operations in the country, with rates and investments approved by public service commissions through open and transparent rate reviews.

Electric companies, state regulators, consumer advocates, local officials, customers, environmental groups, and other stakeholders have input on generation, transmission, and distribution decisions—which is beneficial when major investments like data centers are being considered.

Several speakers at the event noted the PJM region lacks vertical integration, exacerbating some of its recent challenges.

Electric Perspectives:

4. Companies Need to Communicate Customer Benefits.

Context: Although public sentiment on data centers is low, EEI members are leading projects that are bringing new jobs, tax revenues, energy infrastructure, and local investments to communities across the country without driving up customer bills.

Womack and Lake indicated there is no shortage of success stories nationally and that industry and government can do a better job communicating benefits directly with customers.

Electric Perspectives:

What’s Next:

• Duke President and CEO Harry Sideris will feature in the next EEI-Axios Live event scheduled for September.
• The CRA rate analysis has more information about data centers and customer impacts, detailed in a recent Electric Perspectives podcast episode.
• A recent Lawrence Berkeley National Lab report indicated growing demand from data centers and businesses can help lower costs for states and communities.
• Data centers and rising energy demand will be a key topic of conversation at EEI 2026, to be held June 2-4 at the Fontainebleau Las Vegas. Register today at eei.org/2026.

The electric grid is the backbone of America’s daily life, enabling everything from economic activity and public safety to communication and innovation. Surging energy demand, extreme weather, emerging technologies, and electrification are impacting the grid and consumer power bills, making today’s decisions matter more than ever.

EEI joined Axios Live in April to host a series of conversations about the grid and the policy, planning, and investment decisions needed to improve and maintain a resilient grid for the decades ahead.

Scroll through for highlights from the event, and watch a full video recording above or at the Axios Live YouTube channel.

In a new, wide-ranging, on-camera interview with the Washington Examiner, EEI President and CEO Drew Maloney called on Congress to streamline siting and permitting processes, which he said would “go right at the affordability issue” for customers.

“In order for us to maintain our global competitiveness, we have to be able to build generation and transmission faster than we do today,” Maloney said. “The cost imposed by permitting delays and litigation puts too much on the customer. We need [reform], and we need it as soon as possible.”

Maloney estimates red tape adds up to 25 percent to the cost of building new energy infrastructure. It also inhibits America’s global competitiveness, he said, noting that “China can build a power plant in one to two years, and it takes us more than a decade.”

Maloney also discussed the findings of a new study from Charles River Associates, which analyzed historical government data and found that electricity rates have tracked at or below inflation in 34 states during the past five years. It also found that data centers have not been a driver of rate increases in states outside of the PJM Interconnection in the Mid-Atlantic.

“Data centers really aren't driving the cost. There’s a lot of long-term planning that you see in some states—you've got it in Georgia and Louisiana, Mississippi—where they can save billions of dollars for customers over the time of the investment in the data center,” Maloney said.

Among other topics discussed:

On lowering costs for customers:

“Electric companies every day are working with their customers to identify more efficiencies in the system, whether it's grid-enhancing technologies that lower costs, software development that can ensure power is well balanced in the system.”

On partnerships with data centers:

“What these large load agreements are trying to do is protect customers. They're requiring the data centers to fund their interconnection, fund upgrades to the grid, and ultimately benefit the customer. If you look at a lot of the recent announcements that we've seen, the benefits to customers, the benefits to the local tax base are in the billions of dollars. Over the long term, this is a win-win for the communities, for the electric companies, for the customers, because we're going to get a more resilient grid.”

On permitting reform prospects:

“I think now is the time. There is a recognition that, in order for us to maintain our global competitiveness, we have to be able to build generation and transmission faster than we do today. It's the only way to address the real affordability problem, because the cost imposed by permitting delays and litigation puts too much on the customer.”

On the industry’s commitment to resilience:

“The grid is the most important engine in America. If the grid doesn't work, America doesn't work. And it requires investment. That's why you're going to see America's electric companies invest more than $1 trillion during the next four years—to make sure that the grid is reliable and as affordable as possible every single day.”

On response to Winter Storm Fern:

“You saw 65,000 lineworkers come from around the country to go down to the Southeast to work through two inches of ice to try to get wires back up and running, cut trees down, and work through the night to make sure that people had power back at their houses. That’s what we do in this industry. We pitch in. We ensure that the grid—which is the economic and, I would argue, national security backbone of the country—is always up and running.”

On electricity rate stability:

“What most people don't understand about electricity rates is they are really set at the state level. You have to look at the state averages, and there are some states—on the West Coast, especially California, and also New England and New York—that have disproportionately skewed the national average.”

On the importance of an all-of-the-above energy approach:

"We need all of the above. You look at a state like Iowa—a large percentage of their power comes from wind. Texas has a good mix of wind and solar. You see during a storm like Fern, where we became very reliant on fossil fuel as sort of base load—you need that, too. We need more nuclear. We need it all. We support it all, and, as we say, we need as many electrons on the grid as possible right now."

Americans’ electric bills have been widely protected from increases related to data center development, according to a new study from Charles River Associates (CRA) that shows average retail electricity rates have largely tracked with inflation during the past 10 years.

The report compiled data from the U.S. Energy Information Association and Federal Energy Regulatory Commission and found that while electricity rates vary widely by geographic location, “for most customers, rates have been largely stable.” Where rates did increase, “the timing and location of the rate increases that were observed are not consistent with the timeline of data center development.”

“This analysis underscores the important work America’s electric companies do every day to keep electricity reliable and make bills as low as possible,” said Drew Maloney, EEI President and CEO. “While CRA’s report makes clear that our industry is making good progress for most of the country, we also understand we have more work to do as we serve American families and local businesses.”

Among the report’s key findings:

• There is not a broad, national trend toward rising rates, which means some of the data driving national narratives are “misleading or misinterpreted.”
• In a handful of locations, rates have risen in recent years, driven by external drivers and operating expenses such as wholesale price increases, wildfire spending, and net energy metering programs.
• With the exception of some areas served by the PJM Interconnection, data centers are not driving up rates. New data center tariffs and agreements will insulate existing customers from the costs of serving data centers.

America’s investor-owned electric companies have been working with hyperscalers, regulators, and state and local officials to implement special tariffs that protect residential customers while ensuring large customers pay their fair share to access the grid. To date, 18 states have approved large load tariffs, with decisions pending in another 8 states.

Outside of the PJM Interconnection, customers have largely been protected from cost increases related to data centers. EEI and its member companies have long called for reform to PJM that would improve accountability and transparency, proactive resource planning, and procurement flexibility. EEI supported the January announcement from President Donald Trump and a bipartisan group of governors from states served by PJM calling for an emergency auction to require technology companies to fund new electricity generation needed to serve growing data center demand.

Read the full study here, and learn more about how electric companies are delivering value for customers at eei.org/affordability.

Electric Perspectives (EP): Vince, it’s been several years since you first outlined your thoughts in Electric Perspectives of PPL’s Utility of the Future strategy. How has that strategy evolved, and why is it more important than ever?

Vince Sorgi (VS): Our original Utility of the Future strategy to get stronger, smarter, cleaner, more resilient, and highly efficient remains largely intact, but two major industry shifts have required us to update and sharpen our approach.

First, we’re seeing massive data center requests to connect to our grids in Pennsylvania and Kentucky—demand at a scale we hadn’t anticipated just a few years ago. For example, in our Pennsylvania service territory, we have more than 20 gigawatts (GW) of data center projects in advanced planning—nearly triple the current peak demand that took more than a century to reach.

Second, while affordability has always been part of our strategy, business and household budgets have tightened further in recent years, making affordability a front-and-center issue in policy discussions and even gubernatorial races.

To create headroom for needed investments, becoming more efficient as a company and as an industry is more critical than ever. To address these shifts, we’ve updated our strategy to prioritize building highly reliable, gas-fired, combined-cycle generation. This is evidenced by our regulatory filings in Kentucky and our joint venture with Blackstone Infrastructure to build generation to serve new data centers in Pennsylvania.

In addition, we’ve doubled down on deploying advanced technology and AI—AI that will be key to enabling the next wave of operational efficiency. In short, our strategy continues to evolve so we can deliver safe, reliable, affordable, and sustainable energy for our customers no matter how the landscape changes

EP: What are the key components of PPL’s strategy today? And how are you defining “utility of the future”?

VS: Our Utility of the Future strategy centers on five primary objectives:

1. Improve the reliability and resiliency of our electric and gas networks through system hardening, smart grid technology, and automation.
2. Advance a cleaner energy future affordably and reliably. This includes building natural gas combined-cycle generation, renewables, and battery storage while accelerating clean energy research and development (R&D).
3. Deliver operational efficiencies to support affordability. Every dollar we save in operations and maintenance expenses is $8 that we can invest to improve infrastructure without impacting customer bills.
4. Empower our customers through digital solutions. There is tremendous potential to improve the customer experience through connected tech and AI.
5. Develop and empower our employees to thrive in a rapidly changing energy landscape, equipping them with the skills, tools, and mindset to lead and adapt as our industry evolves.

The future we envision is generation that’s cleaner, more diverse and less-centralized, including substantial behind-the-meter generation enabled by our networks. It’s transmission and distribution that’s intelligent, more reliable, resistant to increased storms and flooding, self-healing, and able to detect failing equipment before outages occur.

It’s decision-making driven by powerful analytics and deep insights mined from a wealth of sensor-driven data. It’s highly efficient operations using technology and AI to deliver better results at lower costs.

And, it’s technology-enabled talent, next-generation digital architecture, and a dynamic, engaging, and highly collaborative workplace shaping the future of energy.

In a nutshell, the utility of the future is one that’s ready for anything—and always ready to deliver for our customers, our communities, and our shareowners.

EP: What can you share about the progress you are making with this strategy and what you’re doing to position the company for success?

VS: We recognized early on that to implement our Utility of the Future strategy, we needed to change every aspect of our business without jeopardizing the critical services we provide. That began with how the company was organized and who we had leading it. So, over the past few years, we’ve completed a dramatic transformation of PPL—one that’s set the stage for everything we’re accomplishing now.

We built a strong, experienced, and highly collaborative leadership team aligned around a clear vision, mission, and set of new corporate values. We restructured our organization to break down silos, speed the adoption of best practices across the enterprise, and drive continuous improvement. We developed common design and operations standards across our utilities to consistently drive advanced technology and more robust engineering and construction specs. Every part of our capital plan was scrutinized and realigned to ensure it fully supports our strategy and delivers value.

Importantly, we also made bold moves on the technology front. We hired a new Executive Vice President of Technology and Innovation reporting directly to me. We launched an ambitious Business Reinvention initiative and have since begun partnering with some of the biggest and brightest technology firms in the world to help us achieve our vision, deploy digital solutions, and incorporate AI. This includes firms like Accenture, Microsoft, SAP, GE Vernova, Landis & Gyr, ServiceNow, and Quant.

These are not just technology providers—they are strategic partners who have signed up to help us achieve our strategy. The level of partnership and engagement with these firms is like nothing I’ve ever experienced before, and it will be one of the enabling factors in achieving our vision. And, just as importantly, we established a change management center of excellence to help our teams better embrace and lead through this change.

Setting the stage in this way was not easy and took a lot of time and commitment, including from me as the CEO of the company, but we’re already seeing the benefits: faster execution, greater efficiency, and a culture that’s energized and ready to tackle the challenges and opportunities ahead.

EP: The intersection of AI and energy is one of the hottest topics in our industry these days. How is PPL enabling the AI revolution, and how do you see AI fitting into your overall strategy?

VS: AI is like the industrial revolution 2.0 on steroids. It is reshaping the landscape, bringing new hurdles to overcome, but also opening doors to transform our operations and support our strategy in ways we couldn’t have imagined a few years ago.

At PPL, we’ve made it a strategic priority to serve this new data center demand, and our strategy is twofold. First, enable speed to market and rapidly connect data centers to the grid through industry-leading responsiveness and agility. Second, support the development of new generation to meet this growing demand.

To achieve the first objective, we’ve put in place an interconnection process that allows us to deliver a high-level scope and estimates to developers within 5–10 days, provide a full feasibility report within two months, and support construction in 6–12 months, pending required regulatory approvals. Thanks to investments we’ve made and continue to make in a highly reliable grid, we’re able to quickly connect these large customers, often with minimal additional transmission work.

On the generation side, PPL recently formed a joint venture with Blackstone Infrastructure to build generation to serve new data center demand in Pennsylvania in a way that directly supports economic development, helps to mitigate rising electricity prices for customers, delivers value for our shareowners, and helps—not hurts—resource adequacy in PJM.

In addition, we’re supporting legislation in Pennsylvania that would allow regulated utilities to build and own generation again, given the PJM market, alone, is failing to deliver the generation needed to meet growing demand.

We believe unprecedented demand growth requires an unprecedented response. Given the pace and scale of new data center demand, we need everyone who is willing and able to build generation to do so as soon as possible.

Sorgi joins members of the PPL Corporation team in ringing the closing bell at the New York Stock Exchange.

EP: How is PPL dealing with speculation around data center demand projections?

VS: We know that demand forecasting is a critical component of system planning. In Pennsylvania, for example, our PPL Electric Utilities subsidiary collaborates closely with developers and PJM to validate the demand of proposed data center projects. 

This starts with evaluating the technical and financial feasibility of a project, as well as established land control. To ensure an accurate representation of emerging demand, only data center projects with advanced agreements are included in the annual load forecast that PPL Electric provides to PJM. To be clear, these are advanced agreements with hyperscalers or developers authorizing grid connection work—agreements with enforceable cost recovery that escalates as milestones are met, often reaching tens of millions of dollars.

Additionally, PJM is discounting the large demand forecast that we provide by up to 30 percent. In addition, we are working with other transmission owners in PJM and engaging in focused conversations with regulators to ensure consistency and confidence in load forecasts.

EP: There’s growing concern that competitive markets like PJM aren’t incentivizing new generation fast enough to meet surging demand. There has also been pushback from Independent Power Producers (IPPs) about reopening the door to regulated utility ownership of generation. What are PPL’s views on the matter?

VS: This is one of the most urgent issues facing our industry right now. All of the signals and all of the forecasts point to a problem—generation is just not being built, or built fast enough, to satisfy future demand.

PJM has warned of a capacity shortage as early as the 2026/2027 delivery year, citing accelerating retirements and slow replacement build-out. The North American Electric Reliability Corporation has repeatedly warned that resource adequacy risks are rising, especially in regions relying heavily on market signals. Despite record-breaking capacity prices, PJM’s market is failing to deliver the new generation needed to meet rising demand—proving that price signals, alone, just aren’t enough. And, of the more than 800 GW of total capacity that has entered PJM’s queue since 1998, only about 11 percent has actually gone into service.

Bottom line: proposals don’t power homes and businesses. Steel in the ground does. While this is often positioned in the media as an “us versus them” debate between regulated utilities and IPPs, that’s not how we view it at PPL, and it doesn’t need to be that way. Ultimately, the grid doesn’t care who wins that debate—it just needs solutions. In a world of surging demand and evolving risks, securing our energy future requires an all-of-the-above approach, with every tool, every partner, and every solution on the table. PPL is committed to being proactive, not reactive, in addressing resource adequacy and ensuring our infrastructure keeps pace with economic growth and technological change.

The legislation introduced in Pennsylvania would allow utility-owned generation to complement the market, not replace it. It would allow utilities to build generation only when the reserve margin isn’t met through market mechanisms, with robust regulatory review and opportunities for market comparison.

In other words, utility-owned generation is only a backstop if the market doesn’t deliver. If the market delivers, then the utilities will never own generation in rate base. And, if the utility does end up owning generation, and that generation produces excess revenue, 100 percent of that net revenue would be returned to customers, ensuring customers benefit from any upside while being shielded from downside risk.

The other key aspect of the legislation is permitting long-term contracts between the state’s utilities and the IPPs to help derisk IPP construction of new generation should they want to go that route versus just relying on market price signals. In short, the proposed legislation contains the kind of smart solutions and ideas we need more of, and we’re hopeful such legislation can gain lawmakers’ support.

A recent PJM proposal to incentivize large customers to “bring their own generation” and encourage demand flexibility is also something that we think has merit, and we’ll be involved in fleshing out details to advance that concept as a workable proposal.

Markets worked when demand was flat and supply was abundant—but that world has been flipped on its head. We’re entering an era of explosive growth and shifting reliability needs, and we believe it is time to stop looking in the rearview mirror and start planning for the road ahead.

EP: Powering AI is clearly one piece of the equation for PPL. On the flip side, how are you thinking about using AI to deliver better outcomes?

VS: AI isn’t just the next wave of innovation—it’s a tidal force promising to reshape our entire industry. The more we learn about the possibilities of AI, the more we see how truly transformational it will be and how it can accelerate our strategy.

Ultimately, our vision is to embed AI as a core capability in every aspect of our business. We’re not just talking about classical and generative AI, but agentic AI that adapts and acts, and maybe even one day physical AI—think, for example, of robots performing or assisting with some of our most dangerous work.

As part of our Reinvention effort, we’ve launched cross-functional teams to advance new technology and AI in four key value streams: Advanced Customer Ops and Engagement, Predictive Field Ops and Asset Management, Grid and Pipeline of the Future, and Next Generation Enterprise Services.

In each of these areas, we’re either already using or exploring the use of AI. For example, in customer service, we’re piloting a multilingual, AI-powered digital customer service agent—Alex—that we’re incredibly excited about. Alex will eventually be available 24/7 to handle routine customer inquiries in 70-plus languages, freeing up our representatives for more complex issues.

In addition, we’re deploying an AI-driven platform that will incorporate AI at every step of the customer experience. This includes handling the initial customer contact, seamlessly handing it off to the best-fit agent, delivering AI coaching and insights to our agents, providing automated summaries post-call, and triggering backend workflows so our agents can spend less time typing and more time listening and assisting.

In our grid and field operations, we’re using AI to monitor equipment health, predict failures, dispatch crews proactively, and optimize crew routing, outage response, and vegetation management. We’re working on AI agents to help us optimize protective settings in grid operations to enhance reliability and fault response. We’re also developing digital agents that will deliver job-specific safety messages, providing tailored reminders about hazards before crews begin a job.

Among other examples, we’re exploring the use of AI agents to lighten the heavy lift associated with complex regulatory filings. These agents will be able to assist with pre- and post-filing work, including responses to third-party discovery requests that can be incredibly time-consuming and require quick turnaround. This could trim thousands of labor hours to help keep energy affordable.

And finally, we’ve begun to roll out Copilot for Microsoft 365 to our employees, helping them work smarter and more efficiently. We have only just begun to scratch the surface of what’s possible here.

“AI isn’t just the next wave of innovation—it’s a tidal force promising to reshape our entire industry.”

EP: What’s your message to investors and analysts attending the EEI Financial Conference in November?

VS: My message is simple: PPL is not just keeping up with change—we’re leading it. Our industry is positioned at the intersection of some of the most important trends taking place in our country. And, at PPL, we have a clear strategy, a strong track record of execution, and a culture that embraces innovation.

We’re thinking bigger, we’re thinking bolder, and we have an opportunity, both as a company and as an industry, to build utilities of the future that are stronger, smarter, cleaner, and ready to power the next century of progress. The key is to enable all of this progress while, at the same time, keeping energy affordable for customers. That has been a core component of our strategy since we launched the new PPL in 2022, and it remains a core part of the strategy going forward.

EP: Any closing thoughts on what it will take to succeed in this new era?

VS: Innovation. Agility. The foresight to seize opportunities created by next-generation digital architecture, cloud solutions, and advanced technology. Enhanced collaboration across the industry, in R&D, with technology partners, and with a wide array of stakeholders, including the IPPs. And, above all, the courage to embrace change.

The challenges we face are complex, but in every challenge lies opportunity. At PPL, we’re building the utility of the future today, and we’re excited to help shape the energy future for our customers, our communities, and our shareowners.

This year, EEI was thrilled to welcome CNBC Senior National Correspondent Brian Sullivan, co-anchor of “Power Lunch," to EEI's Financial Conference. Sullivan interviewed industry leaders throughout the event, hosted a CEO leadership panel, and brought the event's critical conversations to a national audience.

Scroll through for highlights from EEI member company leaders' interviews with CNBC:

EEI President and CEO Drew Maloney

Pacific Gas & Electric Company CEO Patti Poppe

NextEra Energy Chairman, President, and CEO John Ketchum

Duke Energy President and CEO Harry Sideris

EEI Chair Calvin Butler, President and CEO of Exelon

Edison International President and CEO Pedro J. Pizarro

The Tennessee Valley Authority (TVA) in recent weeks announced a series of advanced nuclear energy partnerships that are expected to help the company reliably and affordably meet customers’ evolving energy needs in the years ahead.

In August, TVA entered into a power purchase agreement with Google and Kairos Power. Through the agreement, TVA will purchase electricity from Kairos Power’s Hermes 2 Plant in Oak Ridge, Tenn., delivering up to 50 megawatts (MW) of electricity to the TVA grid that powers Google data centers in Tennessee and Alabama.

The deal drew recognition from several Tennessee lawmakers, Tennessee Governor Bill Lee, and U.S. Energy Secretary Chris Wright, who praised the companies involved and touted advanced nuclear technologies as “essential to U.S. artificial intelligence (AI) dominance and energy leadership.”

Unlike traditional nuclear reactors, the Oak Ridge plant will rely on a fluoride salt-cooled, high-temperature reactor. Construction on the facility began late last year, and it is expected to come online by 2030.

“Energy security is national security, and electricity is the strategic commodity that is the building block for AI and our nation’s economic prosperity,” TVA President and CEO Don Moul said in a statement. “The world is looking for American leadership, and this first-of-a-kind agreement is the start of an innovative way of doing business.”

Separately, TVA in September announced an agreement with ENTRA1 Energy to develop a series of small modular reactors (SMRs) capable of delivering up to 6 gigawatts of new nuclear generation to TVA’s service territory. That sort of capacity is projected to power 4.5 million homes or 60 new data centers.

The deal stands as the largest SMR deployment program announced in the United States to date, potentially helping TVA meet rising energy demand driven by data centers and AI, industrialization and the reshoring of manufacturing activity, and the broader electrification of the economy.

"TVA is leading the nation in pursuing new nuclear technologies,” said Moul, noting that the deal “highlights the vital role public-private partnerships play in advancing next-generation nuclear technologies.”

EEI member companies will invest more than $1.1 trillion during the next five years to strengthen America’s energy grid and develop new critical energy infrastructure projects of all kinds. New and existing nuclear technologies play a vital role in America’s diverse energy mix, with advanced nuclear projects touted as a  promising source of reliable, affordable, 24/7 energy.

SMRs and advanced nuclear technologies were popular topics at EEI 2025—the electric power industry’s premier conference and thought leadership forum—in New Orleans earlier this year. Tune into the EEI 2025 Highlights series from the Electric Perspectives podcast to learn more about nuclear energy’s role in powering America’s energy future.