U.S. Electric Companies Projected to Invest More Than $1.1 Trillion Over the Next Five Years

The Edison Electric Institute (EEI) released its annual Financial Review, which shows that America’s investor-owned electric companies are outpacing all other capital-intensive industries as they work to provide the investment and infrastructure required to drive innovation, connect data centers and create good-paying jobs across the country.

Among the report’s key findings, EEI’s member companies:

• Invested a record $178.2 billion last year to make the energy grid smarter, stronger, more dynamic and more secure. This was the 13th consecutive year of record-setting investment. 
• Invested more than $1.3 trillion during the past decade to enhance and build out the nation’s generation, transmission and distribution infrastructure.
• Are projected to invest more than $1.1 trillion between 2025 and 2029 to support the growing electricity demand driven by artificial intelligence and data center expansion, industrialization and the reshoring of manufacturing activity and the electrification of the broader economy. 

“Our industry’s capital expenditures are higher than any other sector in the U.S. economy, outpacing transportation, retail and other capital-intensive industries. These investments create good-paying jobs, support local economies across the country, and make innovation possible,” said EEI president and CEO Drew Maloney. “America’s electric companies are leading in this unique and critical moment for our nation. As demand for electricity continues to grow, we remain committed to making the investments needed to strengthen America’s energy security while ensuring that our customers receive reliable, affordable energy.”