Edison Electric Institute

ICYMI: As EEI President and CEO Drew Maloney wrote in a POLITICO op-ed, the energy grid is one of America’s three great infrastructure innovations—alongside the railroad and the federal highway systems. The electric power industry accounts for 5 percent of the economy but powers the other 95 percent, and the grid must evolve as America’s energy use evolves.

America's electric companies are investing $239 billion this year to make the grid smarter and stronger and ensureit remains the backbone of modern society.

Read the full op-ed: https://politi.co/4v3d1v9

News: A new analysis by Concentric Energy Advisors highlights the U.S. electric grid's essential role as a high-value national asset supporting our economy and national security. The grid remains 99.95% reliable thanks to critical investments in resilience, transmission modernization, and expanded system capacity.

America's electric companies are projected to invest $239 billion this year alone in the infrastructure needed to increase grid reliability and help keep electricity as affordable as possible.

Read the full report: https://bit.ly/4g66BXc

: What to Know About Permitting Reform From the POLITICO Energy Summit

At the EEI-sponsored summit last week, lawmakers, business leaders, and Administration officials agreed cutting bureaucratic red tape is critical to strengthening grid resilience and delivering reliable, affordable energy.

More specifically:

*Permitting Reform Will Help Customers: Regulatory delays add up to 25% to project costs. Permitting reform removes this bureaucratic tax paid by customers.
*Red Tape Hampers American Competitiveness: Speed-to-power is vital. The U.S. risks losing its competitive edge to rivals if red tape constrains infrastructure buildout.
*Now Is the Time for Action in Washington: Bipartisan momentum in Washington is high, with leaders from both sides pushing to get a durable permitting package to the President’s desk this year.

The bottom line? To lower costs and power the economy, we need to get more steel in the ground and electrons on the grid.

Watch the full recap: https://politi.co/4oGWf2A

How do you prepare an energy grid for the FIFA World Cup?

CenterPoint Energy’s Executive Vice President and Chief Operating Officer Jesus Soto recently told Daily Energy Insider that “Preparing for seven World Cup matches is like preparing for seven Super Bowls.” 🏈⚽️

With seven matches scheduled in Houston between June 14 and July 4, CenterPoint Energy is operating at a heightened readiness posture to ensure seamless, reliable power.

Read the full story on how America’s electric companies prepare their infrastructure for global mega-events to deliver the energy of every day: https://bit.ly/4vR7B6g

ICYMI: At today's POLITICO Energy Summit, EEI President and CEO Drew Maloney explained why siting and permitting reform is so important for every American:

“Permitting reform is about affordability and customer solutions, and we really have the opportunity... If you look at the cost imposed by the regulatory structure that we have right now in the United States, up to 25 percent of the project cost is regulatory bureaucratic red tape, and the customer has to pay that, and that's unacceptable... Ultimately if we want to talk about affordability and what the federal government can do to help lower the cost of power bills, do permitting reform. I'm optimistic we'll get there.”

EEI Vice Chair Drew Marsh, chair and CEO of Entergy, also participated in the summit—watch highlights from his and Maloney’s discussions on why continued, large-scale investment in the energy grid is essential to maintaining reliability, supporting economic growth, and delivering the energy of every day: https://bit.ly/4vFdtPW

As EEI President & CEO Drew Maloney wrote in a POLITICO op-ed, the energy grid is one of America’s three great infrastructure innovations—alongside the railroad and the federal highway system.

The energy grid needs to evolve as America’s energy use evolves, maintaining its role as the backbone of modern society. Check out the full op-ed here: https://politi.co/4v3d1v9

Tune into Politico's Energy Summit this morning to hear EEI leaders discuss how America’s electric companies are working to keep electricity as affordable as possible for customers while making the investments needed to maintain reliability and meet growing demand.

Drew Marsh, chair and CEO of New Orleans-based Entergy and EEI vice chair, will speak at 9:45 a.m. ET.

EEI President and CEO Drew Maloney will speak at 10:20 a.m. ET.

Watch the conversations here:

POLITICO's Energy Summit - POLITICO The Trump administration's pursuit of "energy dominance” is upending the U.S. policy approach to energy investments and climate goals. A renewed emphasis on oil, gas and nuclear production has fueled efforts to slash regulations and expedite permits for pipelines and power plants. Meanwhile, cuts ...

Day 3 of in Las Vegas wrapped up with EEI Chair David Campbell, Chairman and CEO, Evergy, National Grid Ventures’ Ben Wilson, EmeraldAi’s Dr. Varun Sivaram, NVIDIA’s Marc Spieler, American Water’s Cheryl Norton, Digital Realty’s Andy Power, and Bloomberg’s Mark Chediak discussing AI’s new role in grid flexibility and the critical infrastructure triangle of power, water, and data.

Through these powerful partnerships and strategic investments, America's electric companies are powering the energy of every day.⚡