"Southern California Edison president and CEO Steve Powell said wildfire-related upgrades dramatically drove up his customers' rates between 2019 and 2024. But with those investments made, he expects increases to be in line with inflation for the next five years and maybe beyond."
"Federal Energy Regulatory Commissioner David LaCerte said tech giants' recent pledge to President Trump that they will build or buy their own electricity supplies for data centers also will have a positive effect. 'Trust me, we're going to enforce these things at FERC. Affordability is top of mind for us.'"
"'We've got to get better in various channels of communications,' said Stan Connally, Southern Co.'s executive vice president and chief operating officer. 'AI can help us do that, too. This revolution we're in right now can help us tailor messages in ways we couldn't even think about doing before.'"
Executives at a CERAWeek panel emphasized the importance of investments in grid improvements and collaboration between states and the federal government to lower electricity rates. Southern California Edison CEO Steve Powell noted that wildfire-related upgrades had increased rates significantly, but he anticipates future increases will align with inflation. Federal Energy Regulatory Commissioner David LaCerte mentioned tech companies' commitments to build their own electricity supplies will positively impact affordability. Officials recognized the need to enhance public communication regarding rate management and suggested AI could improve message tailoring.
Read at Axios
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