The U.S. must invest in power generation of all kinds, including renewables, and focus on improving efficiencies to keep the grid from breaking down and utility prices from soaring out of control, said Calvin Butler, president and CEO of the major utility Exelon.
While now is not yet the time to panic, it is time for immediate action to meet surging demand from the AI boom and electrification, and to keep everyday Americans from drowning in costs from spiking utility bills, said Butler, who also chairs the Edison Electric Institute, which represents investor-owned electric utilities nationwide.
