Owen Young Award: Tom Fanning

Southern Company

“We’re about the only one with robust proprietary research and development. We’re by far the biggest partner with the Department of Energy on joint research. We’ve always viewed research and development as a way to develop the arrows in our quiver to influence the future.”

Tom Fanning: Jim Kerr

Southern Company Gas

“Tom has been our industry’s clear leader in understanding the risks and importance of cybersecurity. Our country has benefited greatly because of his work in this area, and I think Tom will continue to lead in this space.”

Tom Fanning: Kim Greene

Georgia Power

“Vogtle is an incredible legacy project for Tom. Southern Company persevered when no other company did. Tom Fanning’s realistic optimism in our ability to get through that project has led us to where we are the only utility in the country bringing online over 2,000 nuclear, clean energy megawatts to serve our customers.”

Tom Fanning: Chris Womack

Owen Young Award

“With all the work he’s led with EEI, on physical security issues as well as storm restoration, the work he’s done on cyber, at the same time pulling the Vogtle project through, and with the technology revolution occurring in our business, he’s continued to stay steady, has been a visionary, and brought us through it all to the other side.”

Patriot of His Country and Industry

Tom Fanning

Much like Owen Young a hundred years before him, Tom Fanning has again and again proven to be a patriot of his country and industry. Indeed, perhaps Fanning also personifies a second hero in the history of our industry, Alvin Ward Vogtle.

Rate Runup Moderating

February’s Consumer Price Index for electricity was up 12.9 percent year-over-year. March’s CPI for electricity was up by less, 10.2 percent year-over-year.

And now April’s CPI for electricity is in. April’s was up by even less, 8.4 percent year-over-year.

This is the clearest sign yet that the runup in residential electric rates is moderating. It was a little rough there for a while. Driven by the abrupt rise in natural gas prices in the spring and summer of last year from Russia’s invasion of Ukraine.

Penny on the Dollar

Californians’ residential electric bills averaged just nine-tenths of one percent of all their expenditures on goods and services in the year 2021. 0.91 percent to be precise. Significantly less than a penny on the dollar.

This according to the data used by the U.S. Commerce Department to calculate the Gross Domestic Product.

California’s average was well below the national average, 1.26 percent. Per kilowatt-hour rates are high in California, as compared to other states, but kilowatt-hour consumption is low.