EEI briefs Wall Street on electric power industry

Published on February 16, 2017 by Daily Energy Insider Reports

Tom Kuhn

Edison Electric Institute (EEI) President Tom Kuhn and three other EEI officers, David Owens, Phil Moeller and Richard McMahon, recently briefed Wall Street analysts, investors and bankers on the state of the electric power industry and industry policy priorities.

Kuhn identified protecting the grid both natural and man-made dangers as the top priority for EEI.

“Protecting the energy grid is our top priority, and every day we are working to improve grid security, reliability, and resiliency,”
Kuhn said. “Our security strategies constantly evolve and are closely coordinated with the federal government through a partnership called the Electricity Subsector Coordinating Council (ESCC). By working together through the ESCC, industry and government greatly enhance our nation’s ability to defend and protect against cyber and physical security threats.”

Also discussed was the importance of working with newly appointed and elected officials, including the Trump Administration, to develop policy. Another main topic was the industry’s commitment to working towards clean and affordable energy in the future.

Other top policy priorities included tax reform, workforce expansion, smart city and electric vehicle initiatives, streamlining the permitting and siting processes for energy infrastructure, and updating state regulatory approaches related to the costs of the distribution system and flexibility in pricing customer services, such as grid services.

“Today, EEI’s member companies are making significant investments to make the energy grid smarter, more dynamic, more flexible, and more secure to integrate and deliver a mix of both central station and distributed energy resources to customers,” Kuhn said. “They are investing in cleaner generation sources that make business sense. And, they are partnering with leading technology companies to create innovative energy solutions that give customers more control over their energy use.”