Powering America with energy and jobs

The following was published by the National Rural Electric Cooperative Association (NRECA) on Aug. 2, 2017. An excerpt is published here, with permission. Please visit NRECA’s website to read the full story: Powering America with Energy and Jobs, written by Victoria A. Rocha.

7-million-usa-job-twitter

Several electric utility employees are featured in a new report on the wide-ranging economic contributions of electric co-ops and companies to the nation’s workforce and economy.

Powering America: The Economic and Workforce Contributions of the U.S. Electric Power Industry, was released jointly Aug. 2 by NRECA, the American Public Power Association and the Edison Electric Institute.

The report concludes that the industry directly employs 2.7 million people, including staff, contractors and supply chain workers.

But the economic impact reaches beyond that. The report estimates the market impact of the power industry ultimately supports more than 7 million jobs, one of every 20 in the United States, and contributes $880 billion to the national economy.

“Affordable and reliable electricity is the heartbeat of the American economy and is essential to the nation’s economic growth,” said NRECA CEO Jim Matheson. “As not-for-profits owned by the members we serve, our broader purpose is to empower local communities to thrive. Co-ops are proud to continue recruiting top-tier talent from local communities as we work to meet tomorrow’s energy needs.”

The power industry’s ongoing efforts to keep pace with customers’ changing needs and expectations have benefited the economy. Each year, electric utilities spend more than $135 billion on infrastructure, “a level of investment that is more than twice what it was a decade ago,” the report stated.

At a news conference discussing the report, Paul Allen, senior vice president of M.J. Bradley & Associates, which analyzed the data, said Powering America is “the most comprehensive study and report ever done on the full dimension of jobs and employment and the broad economic impact of the electric power industry.”

Until now, said Allen, no report had quantified “what we might think of as the first five percent of the American economy. Virtually every other sector of the economy depends to a significant degree on the safe, affordable, reliable and environmentally sustainable provision of electricity…and the women and men of the electric industry who make that happen.”

Read the full story, Powering America with Energy and Jobs.

1 in 20 jobs

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: