WASHINGTON (July 15, 2025) — Edison Electric Institute (EEI) President and CEO Drew Maloney today joined President Donald J. Trump, U.S. Senator Dave McCormick, Governor Josh Shapiro, EEI member and technology company executives, and other industry and government leaders at the Pennsylvania Energy and Innovation Summit.
“We applaud Senator McCormick for convening today’s event with President Trump and for shining a bright light on the critical role electricity plays in powering innovation and driving economic growth,” said Maloney. “The more than $90 billion in new investments announced today will help fund energy infrastructure projects, connect data centers as quickly as they are built, and create thousands of jobs. These types of investments highlight the commitment of America’s electric companies to delivering the reliable, affordable electricity that makes innovation possible.”
During today’s summit, EEI member company PPL Corporation announced the formation of a joint venture with Blackstone Infrastructure to build, own, and operate new natural gas-based, combined-cycle generation stations to power data centers under long-term energy services agreements with regulated-like risk profiles that do not expose the companies to merchant energy and capacity price volatility.
PPL President and CEO Vince Sorgi said, “We are committed to developing creative solutions to some of the most pressing challenges we face in today’s changing energy landscape. And in Blackstone Infrastructure, we’ve found a tremendous partner and long-term energy infrastructure investor that not only has deep expertise in data center development and power generation but also shares our passion to deliver America’s AI dominance and to help address resource adequacy concerns within PJM.” Read more here.
In addition, PPL Electric Utilities, PPL’s regulated utility subsidiary in Pennsylvania, has made more than $13 billion in grid investments since 2013 and plans to invest nearly $7 billion more through 2028.
Investments in grid infrastructure in Pennsylvania are projected to more than double over the next four years to meet customer demand, boosting economic development and job growth in local communities. Nationally, EEI member companies are projected to make more than $202 billion in grid investments this year alone.
Speaking to the investments his company is making, FirstEnergy Corporation Board Chair, President and CEO Brian X. Tierney said, “Through 2029, FirstEnergy is investing more than $28 billion in capital systemwide to modernize local distribution systems and strengthen the transmission network. In Pennsylvania, that includes spending $15 billion in the infrastructure enhancements, people, processes, and facilities needed to deliver safe, reliable power. This year alone, more than 40 new journey-level hires and apprentices will join our Pennsylvania team in well-paying, meaningful careers with long-term growth opportunity.” Read more here.
