1

Notes: Total company spending of U.S. Shareholder-Owned Electric Utilities, consolidated at the parent or appropriate holding company.Projections based on publicly available information and extrapolated for companies reporting fewer than three projected years (18% of industry for 2015 and

2016).Source: EEI Finance Department, company reports, SNL Financial (July 2014)

Industry Capital Expenditures

ActualsProjections (Oct.

2013)Projections (July 2014)

95.292.8

85.3

103.395.8

90.6

43.0 41.1

48.4

59.9

74.1

82.877.7

74.378.6

90.3 90.3

30

40

50

60

70

80

90

100

110

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

($ Billions)

2

ActualsProjections (July

2014)

Source: EEI Finance Department, company reports, SNL Financial (July 2014)

Industry Capital Expenditures

103.395.8

90.6

43.0 41.1

48.4

59.9

74.1

82.877.7

74.378.6

90.3 90.3

30

40

50

60

70

80

90

100

110

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

($ Billions)

Notes: Total company spending of U.S. Shareholder-Owned Electric Utilities, consolidated at the parent or appropriate holding company.Projections based on publicly available information and extrapolated for companies reporting fewer than three projected years (18% of industry for 2015 and

2016).

6% 6%6% 7%

10% 12%

15%17%

22%21%

41% 37%

$0 B

$20 B

$40 B

$60 B

$80 B

$100 B

2012P 2013P

Generation

Distribution

Transmission

Gas-Related

Environment

Other

Projected Functional CapEx

2012P 2013P

$94.4 B

as of August 2012 as of October 2013

$95.2 B

Generation

Distribution

Transmission

Gas-Related

Environment

Other

Source: EEI Finance Department, company reports (October 2013)

Notes: Total company functional spending of U.S. Shareholder-Owned Electric UtilitiesProjections based on publicly available information and extrapolated for companies not reporting functional detail (1.6%).

Update Planned for Late Summer 2014