We manage operating costs by running the business as efficiently and effectively as possible, from the materials we buy to the systems we operate. We advocate on behalf of customers with state and federal governments to discourage laws and regulations that increase cost without adequate benefit for customers.
We also work directly with customers, helping them find better ways to control their usage. Our traditional operating companies have a multitude of programs – including energy audits for homes and businesses – that to date have reduced peak demand by more than 3,400 megawatts, or enough to power more than 850,000 homes. Since 2000, we’ve saved more than 1 billion kilowatt-hours, at a rate more than twice the industry average. And we’re investing $1 billion to lower demand an additional 1,000 megawatts by 2020, significantly offsetting future capacity needs. We’ve helped airports, seaports and other large customers save money by converting equipment from diesel to electric, and we continue to promote efficient technologies such as electric vehicles that operate for the gasoline equivalent of about $1 per gallon.