Investor-owned electric companies power the lives of nearly 250 million people—nearly 3 in 4 Americans. Every day, they connect more than 3,200 new households and more than 200 new businesses to the grid. They account for 5 percent of U.S. GDP and power the other 95 percent.

It’s no surprise, then, that hundreds of electric company CEOs and senior executives, policymakers and regulators, and technology leaders and innovators traveled to Las Vegas in June for EEI 2026, the industry’s premier conference and thought leadership forum.

At a time when affordability, grid reliability, and rapidly rising demand are dominating policy debates in Washington and across the country, EEI 2026 convened a diverse mix of attendees and leaders to discuss how electric companies are powering the energy of every day while keeping electricity reliable and as affordable as possible.

Happenings in The Hub

From fireside chats to panel discussions and tech talks, The Hub was EEI’s center for networking and technology-driven content. Among the topics on the agenda this year: 

• Powering the Energy of Every Day: Sessions will cover how the industry is delivering customer value and innovating to meet demand growth.
• Generation Landscape: Speakers will discuss America’s generation mix, the role of nuclear technologies, and the potential of virtual power plants.
• Resilience and Reliability: Topics will include grid flexibility, balancing reliability and affordability, and lessons learned from storm seasons past.
• AI+: AI technologies are driving energy demand while reshaping how electric companies serve customers and power the economy.
• Grid-Enhancing Technologies: Panels will focus on innovations that are driving grid intelligence and making the most of existing infrastructure.

Congratulations to Duke Energy, Winners of the 2026 Edison Award!

EEI awarded Duke Energy with the 98th Edison Award for its DeBary Hydrogen Production and Storage System. Presented annually and selected by a panel of former energy industry executives, the Edison Award is the electric power industry’s highest honor. The award was presented in Las Vegas during EEI 2026, the institute’s annual conference and thought leadership forum.

“On behalf of EEI and our member companies, I am proud to congratulate Duke Energy for winning this year’s Edison Award,” said EEI President and CEO Drew Maloney. “By transforming Florida sunshine into stored, on-demand power, this hydrogen project is advancing what’s possible for clean energy storage and helping Duke Energy meet rapidly increasing energy demand while keeping customer costs as low as possible.”

Baltimore Gas & Electric and The AES Corporation were named finalists for the award.

Learn more about this year's winner and finalists.

Dive into part one of the EEI 2025 highlights series on the latest Electric Perspectives podcast episode, featuring EEI Chair Calvin Butler, president and CEO of Exelon; Entergy Chair and CEO Drew Marsh; and Entergy Louisiana President and CEO Phillip May.

Congratulations to the 2025 Edison Award Winners!

Edison International and Southern California Edison are winners of the domestic Edison Award, and Fortis, Inc. has won the international Edison Award.

During EEI 2025, EEI interim President and CEO Pat Vincent-Collawn presented the 97th Edison Award, the electric power industry's highest honor.

The award is selected each year by a panel of former energy industry executives in recognition of distinguished leadership, innovation, and contributions to the advancement of the electric power industry. 

Learn more about this year's winners and finalists.

Left to right: Chris Harris, International Representative, International Brotherhood of Electrical Workers; Eliecer Viamontes, President and CEO, Entergy Texas; Harry Sideris, President and CEO, Duke Energy; Michele O'Connell, President and CEO, Orange & Rockland Utilities; EEI Chair Maria Pope, President and CEO, Portland General Electric; and Chris Womack, President and CEO, Southern Company.

In late February, leaders from EEI and America’s investor-owned electric companies joined state regulators, technology leaders, government officials, consumer advocates, and other industry and regulatory stakeholders at the National Association of Regulatory Utility Commissioners’ (NARUC’s) annual Winter Policy Summit in Washington, D.C.

“The purpose of this meeting is to assemble a group of key stakeholders to discuss the opportunities and challenges before us and how we can meet the demand that we are seeing in the electric power sector,” NARUC President and Georgia Public Service Commissioner Tricia Pridemore said during the summit’s opening session.

Throughout the four days of programming, more than 2,100 summit attendees heard about the considerable energy demand being generated by data centers and artificial intelligence (AI) technologies; physical, cyber, and weather-related threats to America’s critical energy infrastructure; and how electric companies are working with the regulatory community to power Americans’ lives and businesses and to keep customer costs as low as possible.

“NARUC was borne out of a noble idea, that the regulatory policies that were taking shape in Washington, D.C., couldn’t effectuate policy over such a large country,” said NARUC Executive Director Tony Clark. “What happens here directly affects affordability and the reliability of our system.”

Diverse Stakeholder Group Joins Demand Roundtable

New to the NARUC agenda this year was a Demand Roundtable discussion. The session convened more than 20 state commissioners, electric company executives, and technology leaders from Amazon, Google, Meta, Microsoft, and Walmart to discuss demand needs and to ensure industry and regulators are moving in lockstep to bring new technologies, generation, and transmission and distribution to the energy grid.

“We need speed, flexibility, and a willingness to be creative to find solutions for our customers,” Exelon Corporation Executive Vice President and Chief Operating Officer Michael Innocenzo said during the discussion, noting the industry’s dual priorities of meeting new customer demand while prioritizing service for existing customers and communities. “We have an obligation to maintain a grid that is safe, reliable, and affordable. We do not want to overburden any segment of our customers.”

To open the session, participants were polled on a series of questions to gauge their near- and long-term concerns about meeting demand growth. Nearly 1 in 3 representatives from electric companies and state commissions said they were very concerned about increasing demand from data centers, while 54 percent said they were somewhat concerned. Nearly 1 in 4 said significant upgrades are needed to existing infrastructure in their service territories to support projected growth.

Participants also were asked to list the biggest challenges that they see related to data center demand, and several common answers emerged: timelines involved with building new infrastructure, supply chain concerns, tariffs and cost allocation, and risks associated with first-of-a-kind technologies.

“There is substantial first-mover risk. Some of the investments we’re talking about are larger than entire companies,” said Duke Energy Senior Vice President for Pricing and Customer Solutions Lon Huber. “You can’t bet your company on these sorts of technologies. You can’t bet your service territory. There has to be some kind of partnership to support these technologies and ensure that electric companies aren’t solely bearing the risk.”

Unity of Effort and Message in Mutual Assistance

The first full day of the summit began with a discussion about mutual assistance and the power of partnership, moderated by Southern Company Chairman, President, and CEO Chris Womack and featuring International Brotherhood of Electrical Workers International Representative Chris Harris; Orange and Rockland President and CEO Michele O’Connell; EEI Chair Maria Pope, president and CEO of Portland General Electric (PGE); Duke Energy President Harry Sideris; and Entergy Texas Chair, President, and CEO Eliecer Viamontes.

“It is so important that we are starting this meeting with a discussion about mutual assistance,” said Womack. “This clearly demonstrates the role of what we do, the value of what we do, and it speaks to the value that we bring to customers and communities.”

Sideris and Viamontes discussed an active 2024 hurricane season, which included Hurricane Beryl’s impacts on Texas and Hurricanes Helene’s and Milton’s devastation to the Southeast. Sideris, whose hometown of Asheville, N.C., saw catastrophic damage from Helene, noted the storms impacted Duke Energy’s service territories across all six states that the company serves. He said the storm “caused the most damage that we’ve ever seen,” and he praised the army of mutual assistance workers who deployed to North and South Carolina, Georgia, and Florida to assist with storm response and recovery.

“There was a tremendous response from the industry, and it’s really in the DNA of our lineworkers and our companies. We had employees who lost homes and family members and came to work the next day to restore power,” Sideris said.

Viamontes stressed the importance of proactive communication with local officials and customers during storm response efforts, noting that Entergy Texas actively engaged with local media and held daily calls with elected officials during Beryl.

O’Connell was one of several on the panel who urged the regulatory community to support efforts to harden the grid and to make it more weather resilient, citing Orange and Rockland’s investments totaling $1 billion during the past 10 years in undergrounding overhead lines and installing submersible equipment.

Pope emphasized that wildfire mutual assistance is in many ways different from traditional storm response efforts but that some principles touted by other panelists still apply. She highlighted the use of early detection AI cameras and the increasing use of public safety power shutoffs in the West as efforts that potentially can mitigate catastrophic wildfires, as well as the need to engage with local officials to promote transparency.

“I never thought I’d know the chiefs of police in as many of our jurisdictions as I do today,” Pope said. “Unity of effort and unity of message are a hallmark of what we do in this industry. Mutual assistance demands leadership and coming together, not pointing fingers.”

‘Power Shifting to the States’

EEI Executive Vice President for Regulatory Affairs and International Programs Phil Moeller spoke during a series of events that EEI hosted on the sidelines of the summit, including at the EEI Women’s Breakfast. Moeller delivered remarks before and after a panel discussion about the industry’s commitment to reducing serious injuries and fatalities, moderated by Con Edison Vice President of Environment, Health, and Safety Venetia Lannon. The panel featured International Brotherhood of Electrical Workers Fourth District International Vice President Gina Cooper, American Federation of Labor and Congress of Industrial Organizations President Liz Shuler, Minnesota Public Utilities Commission Chair Katie Sieben, and Pepco Holdings Chief Operating Officer Tamla Olivier.

The session featured panelists’ insights on recent trends, strategies to minimize incidents, the introduction of innovative safety metrics, and how a collaborative safety culture can support these efforts. The group discussed how to get at the heart of what causes incidents, how to implement effective reporting structures, and the importance of ongoing workforce training initiatives that help ensure safety.

“Zero incidents for our employees and our contractors, and zero public safety events: That’s always our goal,” Olivier said during the discussion.

Moeller also joined a NARUC Committee on Energy Resources and the Environment session, offering his federal policy predictions for 2025 and beyond.

He saw “an interesting dynamic of power shifting to the states, which we’re seeing through the actions of the Administration and the actions of Federal Energy Regulatory Commission (FERC) Chairman Mark Christie.” That power shift, Moeller said, would require states within the same regions to work together more closely to avoid creating patchwork regulatory frameworks.

“That takes time. That takes trust. Putting the effort in to bridge regional differences will be important,” he said.

Moeller also stressed the need for more dynamic rate structures that send better price signals to customers, the importance of customer education and engagement, and the progress that the industry has made on workforce development and skills training initiatives.

“That issue really used to worry me when I served on FERC. I’m more comfortable now that there’s a lot more going on,” he said, highlighting EEI’s work with groups like Veterans in Energy and the Center for Energy Workforce Development.

Left to right: Mark Birk, Chairman and President, Ameren Missouri; EEI Vice Chair Calvin Butler, President and CEO, Exelon Corporation; Steve Fleishman, Managing Director and Senior Analyst, Wolfe Research; Michael Haggarty, Associate Managing Director, Moody's Ratings; Teresa Ho Kim, Managing Director, J.P. Morgan Asset Management; NARUC President Tricia Pridemore, Commissioner, Georgia Public Service Commission.

‘It’s Not Just About Demand Growth’

Several EEI member company CEOs joined NARUC sessions later in the week, including NiSource President and CEO Lloyd Yates, who participated in a fireside chat with Pennsylvania Public Utility Commission Chairman Stephen DeFrank. Yates discussed the industry’s emphasis on an all-of-the-above energy strategy and his optimism for hydrogen blending, small modular nuclear reactors (SMRs), and other emerging energy solutions.

“This is a huge economic development opportunity for this country. It’s a huge national security issue for this country,” Yates said. “We have to continue to put resources into nuclear and making SMRs work. We have to blend in renewables. Transmission investments are so important. And, we need more natural gas infrastructure. The energy transition looks different in every state, so you need to do the work and bring everyone to the table in every state.”

Later in the week, Ameren Missouri Chairman and President Mark Birk and EEI Vice Chair Calvin Butler, president and CEO of the Exelon Corporation, participated in a conversation about industry access to capital, joining Wolfe Research Senior Analyst Steve Fleishman, Moody’s Ratings Associate Managing Director Michael Haggarty, and J.P. Morgan Asset Management Managing Director Teresa Ho Kim.

Birk highlighted the need for proactive communication with regulators and members of the financial community, noting that Ameren Missouri regularly hosts power plant and facility tours to help stakeholders understand the size and scale of investments needed.

“If you’re able to show that the projects you’re working on directly benefit customers, and you can show the why, it makes it easier to work with regulators and with investors,” he said.

Butler noted that the electric power industry is the most capital-intensive in the country, with grid infrastructure investments totaling tens of billions of dollars each year. He said telling that story can be difficult sometimes because “we’re investing in things we hope you will never feel, like security.”

“It’s not just about demand growth. It’s about providing a system that everyone in this room can come to depend on. We all need to keep our eyes on the ball and stay on top of that,” Butler said.

Pope’s remarks reinforced common themes shared throughout CERAWeek, the annual gathering of thousands of industry, technology, and government leaders from around the world. Demand growth, technological innovation, and evolving policy and regulatory landscapes are changing how electric companies operate, but their focus on serving customers and building out a secure and resilient energy future remains constant.

Each year during CERAWeek, executives from EEI member companies are represented throughout the event’s hundreds of mainstage keynotes, fireside chats, tech talks, panel discussions, and leadership roundtables, and this year was no exception. Pope’s session, and others led by EEI member company leaders, highlighted this pivotal moment for the industry and how electric companies are adapting, innovating, and investing in critical energy infrastructure to better serve customers and keep pace with accelerating demand growth.

“In all my years coming to CERAWeek, I’ve never seen as much excitement around electric power,” S&P Global Commodity Insights Executive Director Douglas Giuffre said during one of the conference’s recap sessions, noting the industry’s and the technology sector’s focus on an “all of the above” energy strategy to meet demand projections fueled by data centers, artificial intelligence (AI) technologies, the reshoring of industrial and manufacturing activity, and the continued electrification of transportation and the broader economy.

The theme of this year’s conference was, “Moving ahead: Energy strategies for a complex world,” with programming focused on how major changes in domestic and international policy and the rise of new technologies are reshaping the global energy landscape.

Following are highlights and excerpts from this year’s conference:

‘The Demand Is Here Now’

NextEra Chairman, President, and CEO John Ketchum discusses the importance of a diverse energy mix and his company's planned infrastructure investments during a panel discussion. (Photo: CERAWeek by S&P Global)

In recent years, industry and technology thought leaders often spoke at CERAWeek about demand growth in a forward-looking tone, warning that investments will be needed in the near-term to prepare for what’s to come. However, the sense of urgency was clear this year, as AI-fueled data center construction has taken off across the country.

“It’s important we get this right. The demand is here now,” NextEra Chairman, President, and CEO John Ketchum said during a mainstage discussion on the first day of CERAWeek. “We’re in unprecedented times in our industry. We’re seeing a sixfold demand increase during the next 20 years compared with the previous 20.”

Ketchum emphasized NextEra’s all-of-the-above focus, noting the company’s interest in advanced nuclear technology as the seventh-largest nuclear operator in the world—and that the company just came off a record year in which it signed contracts to build more than 12 gigawatts of renewable generation.

He also stressed the importance of meeting this demand while keeping customer bills as low as possible—and the benefits of tax credits and other supportive public policies in pursuit of affordability.

“The tax credits and transferability provisions are so important to meeting demand in a cost-effective way,” Ketchum said. “If these credits went away, not only would we see a generation crunch, but the average American would see a 12-percent price hike. We need to avoid that.”

Later in the week, Entergy Louisiana President and CEO Phillip May stressed that demand growth is being felt all over the country and in areas that haven’t historically been known for their energy demands. Meta recently announced plans to build a $10-billion data center outside of Shreveport, La., and Entergy has worked in recent years to expand and upgrade infrastructure along the Mississippi River, with a new $5.8-billion Hyundai steel plant expected to open in the coming years.

“Massive investments are going to change the economic trajectory of parts of our state forever. Our state hasn’t always seen that sort of thing,” May said. “As we think about how we serve this load, all options need to be on the table, including assets near the end of their lives. We need to figure out how to squeeze out every last bit of economic juice from them that we can.”

‘Innovation Needs to Be Part of Culture’

National Grid CEO John Pettigrew shares his thoughts on AI and the industry's embrace of grid-enhancing technologies to maximize existing critical energy infrastructure.

This demand growth has forced the industry to scrap the concept of business as usual and has emphasized the need for innovation and a willingness to embrace new energy strategies and technologies. NextEra Energy Resources President and CEO Rebecca Kujawa, who recently announced plans to retire in late May, described solidifying innovation as part of the company’s culture during mainstage keynote remarks.

“We have an annual process where we ask everyone in the company how we can be better, lower costs, and unlock revenue. And, every year, I’m amazed by the creativity and ingenuity that comes out of that process,” Kujawa said. “We’ve created $1 billion in annual revenue and cost savings through doing this every year. Innovation needs to be part of culture. You need to be willing to take risks, learn, and continually get better.”

This need for innovation has spurred a wave of industry and technology partnerships, and it has opened the door to new business models. National Grid Ventures, an investment arm of National Grid that supports grid-enhancing technologies and innovative energy solutions, hosted a series of tech talks and demonstrations throughout CERAWeek that highlighted the types of advanced vegetation management, dynamic line rating technology, and AI-powered systems that it invests in.

“The intention behind National Grid Ventures was that it would give us access to the types of technologies and innovations that are over the hill. We can invest in them, grant them access to our networks, and improve our own processes,” said National Grid CEO John Pettigrew, noting the company’s plans to commit $100 million to AI startups to help modernize the grid. “These technologies are allowing us to think about meeting demand in a different way. We need to embrace digital and AI.”

Industry leaders also highlighted innovation in their relationships with government and regulatory partners. Dominion Energy Chair, President and CEO Bob Blue joined a dinner session featuring Virginia Governor Glenn Youngkin and Commonwealth Fusion Systems Co-Founder and CEO Bob Mumgaard to discuss the world’s first commercial fusion power plant, which currently is under construction in Chesterfield County, Va.

“If this is technology that is proven out, and the financials and operations work, it is something that our company and our industry could deploy at scale,” Blue said of the nuclear fusion reactor.

Blue and others throughout CERAWeek noted the risks associated with building first-of-its-kind technology—with Governor Youngkin saying he didn’t want to be remembered as “the governor that unleashed a small sun on Virginia.” To help mitigate risk, many stressed the need for new partnerships with government and private-sector partners.

“Planning for the energy future is going to require more speed and more creativity,” Southern Company Executive Vice President and Chief Operating Officer Stan Connally said during a CERAWeek breakfast panel. “If we can find many partners in these conversations, that will be a big piece of the roadmap to success. Finding the right balance of safe, clean, reliable, and affordable is what we’re all after.”

‘Technology Is Forcing Us to Rethink Everything’

EEI Chair Maria Pope (right), president and CEO of Portland General Electric, advocates for siting and permitting reform at all levels of government during a panel discussion.

Although renewable energy generation remained a popular topic of discussion at this year’s CERAWeek, Federal Energy Regulatory Commission Chairman Mark Christie warned during a keynote discussion that the industry’s ongoing need for 24/7 generating resources represented a “rendezvous with reality,” of sorts.

This theme of grounding future-looking projections in the technology, policy, and regulatory realities of today was highlighted throughout the week. Pope noted that, despite the industry’s need for critical energy infrastructure of all kinds, siting and permitting backlogs can add years to project development cycles. She stressed the need for reform at all levels of government.

“Siting is very local, so we need to tackle that at the local level,” Pope said. “And, we have environmental agencies in each one of our states, not just at the federal level. We need to look at where the need is rather than just tweak federal legacy processes.”

Edison International President and CEO Pedro J. Pizarro, meanwhile, highlighted during a panel discussion that the industry is attempting to expand and optimize the grid while responding to a growing and intensifying list of physical, cyber, and weather-related threats.

“The economy will be relying more and more on the grid, so it is so important that we increase the resilience of the grid today and in the future,” Pizarro said, noting that AI can be an essential tool to defend the grid despite the risks that technology poses in the hands of bad actors. “One of our big messages is that grid security is national security. Across the industry, we’re thinking about defense in depth. We’re not pretending we can defend against everything, but we are building multiple layers of defense and making AI front and center in terms of grid design.”

And, AES Corporation President and CEO Andrés Gluski highlighted the unique needs of energy-intensive customers like data centers—and the fact that these facilities can be built, in some cases, in fewer than two years, when timelines to build new transmission and generation facilities can be significantly longer given labor, supply chain, and siting and permitting challenges.

“You’re not going to build a $50-billion data center and have it backed up by something you are 99 percent sure will be available. Energy has to be 100 percent available,” Gluski said. “Most of the interconnection queue is renewable right now, and that’s mostly time to power. If you want a new natural gas plant, it may be four or five years until it’s operational. With renewables, it may be two to three years. Time to power is very different for these customers if you’re talking about the difference of several years.”

Still, industry leaders were overwhelmingly optimistic throughout CERAWeek that they are on track to meet customer needs and that new AI and grid-enhancing technologies will continue to revolutionize how they do business.

“Technology is forcing us to rethink everything. How we operate, how we legislate, how we regulate,” Pope said. “It’s so exciting, because we used to talk about some of these technologies being part of the bulk power system. But, we’re at the point where they’re being integrated into distribution and impacting customers directly.”

Industry leaders and their technology, government, and regulatory partners will discuss these and other trends at EEI 2025, EEI’s annual conference and thought leadership forum, which begins on June 2 in New Orleans. To learn more about the event and to register, visit eei.org/2025.

Edison International President and CEO Pedro J. Pizarro (right) and AES Corporation President and CEO Andrés Gluski (second from right) discuss energy security, innovation, and data center-fueled demand growth.

Electric Perspectives (EP): Demand growth is creating a need for new critical energy infrastructure of all kinds, setting the stage for what could be one of the most transformational moments for American infrastructure since the years immediately following World War II. How is our industry responding?

Maria Pope (MP): Everything that we do and the way that we work is changing at a dramatic pace.

First, demand for electricity is growing at a rate we haven’t seen in decades. Data centers are rapidly expanding to meet the needs of emerging artificial intelligence (AI) technologies and are expected to consume an extraordinary amount of energy.

When you consider that a search on ChatGPT or another large language model requires 10 times the energy of a traditional search engine, it is easy to understand why. At the same time, more sectors of the economy and more homes and businesses are continuing to electrify.

Second, tremendous federal, state, and private sector resources have been brought to bear to onshore manufacturing and to enhance America’s global competitiveness and security, especially in the high-tech sectors. Since the signing of federal legislation such as the Inflation Reduction Act and the CHIPS and Science Act in 2022, investment in American manufacturing has nearly doubled, according to a report from the Peterson Institute for International Economics.

Third, extreme weather is underscoring the urgent need to enhance the resilience of the nation’s energy grid. Hurricanes, ice storms, wildfires, and other events are occurring with increasing frequency and intensity. In response, electric companies are deploying significant capital and are becoming tech-forward businesses with a renewed focus on innovation.

EEI member companies are bringing new infrastructure, generation facilities, batteries, and countless innovative projects online at an incredible pace. We will continue to strengthen our infrastructure and build a more resilient, cleaner generation fleet. And, we will work to accomplish all of this in a way that is cost-effective for customers.

“EEI member companies are bringing new infrastructure, generation facilities, batteries, and countless innovative projects online at an incredible pace.”

EP: What are you prioritizing during your tenure as chair of EEI?

MP: I am honored to serve on the EEI Board alongside impressive leaders from across the industry. We are working together to advance our enduring value proposition: providing safe, reliable, secure, and increasingly clean energy to the customers we serve, while working to keep costs as low as possible. As I began my term, the Board developed multi-year strategic priorities.

The first priority is enhancing and strengthening grid reliability, resilience, and security. We are facing ever-increasing physical and cybersecurity threats while also managing incredible growth. To respond effectively, we need to increase the speed at which we bring on new generation, accelerate investments in our distribution and transmission networks, and adopt new technologies to enhance the resilience of our systems.

At the same time, we are driving a customer-focused vision and are strong advocates for policy solutions that benefit customers. The Inflation Reduction Act and its technology-neutral investment and production tax credits, as well as the Tax Cuts and Jobs Act and the Infrastructure Investment and Jobs Act, are powerful accelerators. These policies will help support customer affordability and create millions of jobs during the next decade, and they should be protected.

Our industry must redouble stakeholder education and engagement efforts to preserve these tax credits and other provisions of these laws that are directly benefiting customers. We also must work to secure a repairs fix in the Corporate Alternative Minimum Tax, prioritize siting and permitting reform, and advance other initiatives aimed at fostering a supportive policy and regulatory environment. Underpinning much of our work is our belief that the investor-owned business model is the most efficient and economical way for our industry to serve customers. 

We are continuing to educate policymakers and other stakeholders on our regulatory compact and on the value our model delivers through efficient f inancing of important investments in our national infrastructure. EEI member companies are driving economic growth and are pivotal to national security during this transformational time.

Maria Pope speaks at EEI 2024 with Antonio Neri, president and CEO of Hewlett Packard Enterprise, on energy demand and the changing technology industry.

EP: Addressing energy security concerns also is a top priority for EEI and our member companies. How is the industry approaching this challenge?

MP: We have a clear responsibility to our customers to ensure reliable electricity, even as we respond to significant demand growth and changing customer needs.

EEI strongly advocates for the continued development of diverse energy resources—including natural gas, renewables, and new and existing nuclear energy—as well as grid-enhancing technologies that support flexible demand and increasing capacity. EEI member companies also are coming together to address resource adequacy concerns.

PGE and our peers in the West have had success balancing the demand and supply of electricity at lower costs to customers by participating in collaborative efforts like the Western Energy Imbalance Market, which delivered more than $6.25 billion in cumulative economic benefits between 2014 and 2024.

For PGE, regional connectivity and cooperation among electric companies enables us to draw on wind resources from Montana, batteries in California, hydropower in the Pacific Northwest, and solar arrays in the desert Southwest. It all comes together to improve reliability and stabilize energy markets.

Addressing energy security and resource adequacy concerns will require significant capital investment. EEI member companies have invested more than $1.3 trillion during the past decade in critical energy infrastructure projects of all kinds, spending more than $170 billion each year to make the energy grid stronger, smarter, cleaner, and more secure.

PGE’s Coffee Creek battery storage facility is one of several new projects that is helping the company improve grid operations by matching available supply to current demand.

EP: How are electric companies using AI and other advanced technologies in their own operations?

MP: Technology is revolutionizing our industry, making us smarter, more efficient, and more effective. We are using technological innovations, particularly AI, to shorten design timelines, accelerate project completions, and optimize complex grid operations.

At PGE, to name one example, we created an “AI Design Review Bot” that has reduced our engineering cycle times twelve-fold. AI is critical as distributed energy resources (DERs) become even more common. AI already is helping to balance the surging demand for power and to enhance grid management.

PGE estimates as much as 25 percent of the power needed on the hottest and coldest days of the year could be supplied by customer-sited DERs—such as solar panels, batteries, and EVs—as soon as 2030.

PGE’s wind resources are bringing geographic and resource diversity to the company’s generation portfolio.

EP: Last year, we saw the devastating impacts of Hurricanes Helene and Milton across the Southeast, in addition to catastrophic wildfires and myriad other extreme weather events across the country. What strategies are electric companies pursuing to mitigate risks posed by these events?

MP: The impacts of extreme weather on lives and livelihoods, local economies, and critical infrastructure are increasing. That’s why all EEI member companies are devoting significant time and resources year-round to prepare for and respond to extreme weather events, which are becoming more frequent and less predictable.

EEI member companies dedicate more than $30 billion annually to adaptation, hardening, and resilience initiatives to strengthen the nation’s transmission and distribution infrastructure. This includes using innovative technologies like AI-enabled cameras, weather stations, and advanced modeling programs that help companies prepare for and respond to weather-related events, particularly in high-risk areas.

It is worth noting that many of these investments supplement the work of public safety agencies, strengthening communities against a variety of threats. Wildfires also are a growing challenge, affecting more communities across the U.S. each year.

From the southwest to the northeast, there’s a need to do more to prevent wildfires before they happen and to protect affected communities from long-term costs. We need a comprehensive national strategy that emphasizes community protection, wildfire prevention, responsible investment, and rapid recovery.

There is also an urgent need for long-term policy solutions that will require cooperation with regulators, legislators, insurers, public agencies, and many other stakeholders. Wildfires truly are a societal problem that requires societal solutions.

While the challenges of extreme weather are formidable, our industry is in this together. When a major event hits—whether it is a tornado, hurricane, ice storm, or wildfire—we actively support one another through mutual assistance efforts. After Hurricane Helene, an army of more than 50,000 workers from nearly every state in the country deployed to the Southeast to help with recovery and restoration efforts. Just two weeks later, when Hurricane Milton made landfall, mutual assistance crews and resources were redirected to Florida.

These events collectively represent one of the nation's largest-ever mutual-assistance mobilizations, and our industry’s coordination with federal officials and other stakeholders through the Electricity Subsector Coordinating Council was critical to delivering a safe and efficient storm response for impacted customers and communities. Our ability to support each other and work together is one of our industry’s superpowers.

“Our ability to support each other and work together is one of our industry’s superpowers.”

EP: Customer affordability is a central concern for EEI member companies and their customers. What are electric companies doing to help keep costs as low as possible?

MP: Like many industries, electric companies are facing mounting pressure over price increases. When costs go up, people may need to make difficult choices, as they work to pay rent, keep the lights on, and put food on the table.

We have a responsibility to manage our business in a way that prioritizes customers, and we are committed to keeping costs to customers as low as possible. Fortunately, new demand means that, as more businesses and people are connected to the grid, operating costs can be spread out.

Ensuring these savings materialize requires thoughtful work on the part of electric companies and regulators to shape and adjust rate structures. Growth also requires investments in generation, transmission and distribution, and advanced grid technologies, all of which will help minimize costs in the long run.

As these investments are made, we have an important opportunity to drive customer energy efficiency and efficiency in our operations. Customers—understandably—want to know what goes into their bill, and every part of our operations must deliver customer value.

EP: With a new administration and new Congress in Washington, do you see an impact on this industry?

MP: Electric companies create millions of good jobs, power the U.S. economy, and play a critical role in a variety of national and international policy and security priorities.

We’ve always worked with regulators and policymakers at the federal, state, and local levels to ensure our industry’s significance is understood and that our economic impact is enhanced by supportive public policy. That doesn’t change when a new administration arrives or political power shifts.

We are committed to engaging with the new administration and Congress to advance public policies that benefit our customers and to address common issues of global economic competitiveness and national security.

We share common interests and will work collaboratively, as we always have, when there are opportunities to better serve the American people with the reliable and affordable energy they need to thrive.

PGE’s AI-driven cameras provide 24-7 visual observation of high-risk fire zones. The company’s ability to detect wildfire smoke and alert a network of 50 public safety partners in real time helps reduce risk and keep communities safe.

EP: Looking out at the rest of 2025 and beyond, what message do you have for EEI member companies?

MP: We know that our customers expect the world’s most reliable electricity, and we know it’s our job to deliver it safely, 24 hours a day, 365 days a year.

The pace of change that we are witnessing is accelerating. I am proud that EEI’s member companies are leading the way and are moving at new and exciting speeds as AI advances; more data centers come online; manufacturing and industrial activity accelerates; and homes, businesses and transportation continue to electrify.

Our customers are counting on us to meet today’s rapidly growing energy needs and to help make America home to the industries that will drive our future. At the same time, we are managing the increasing risks of wildfires and extreme weather; tackling energy security and resource adequacy as demand rises; and investing in a smarter, more flexible, more connected, and more resilient grid. We are balancing these efforts while working to keep costs as low as possible for customers.

As an industry, we have a clear set of priorities. Electricity is vital to our national security and economic competitiveness. Electricity powers our lives. We need a reliable, modern energy system for a modern age. Working together, we can deliver an energy grid—and an energy future—that is reliable, weather-resilient, responsive, and ready for the demand arriving now.

In these extraordinary times, our challenge is to capitalize on the extraordinary potential in front of us. I am confident that we are up to the task. EP