Nick Akins

President and CEO, American Electric Power

Chair, EPRI Board of Directors

2012 Summer Seminar

August 5-7, 2012

Innovation and the Industry’s

Leadership Role

2 © 2012 Electric Power Research Institute, Inc. All rights reserved.

EPRI Today…

EPRI is a company that…

…brings together great people…

…with new and exciting ideas…

…to help energize the world!

“Together…Shaping the Future of Electricity”

3 © 2012 Electric Power Research Institute, Inc. All rights reserved.

The Challenge

. . . while transforming

to a cleaner, more

efficient, modern

generation fleet with

an interactive

electrical grid.

4 © 2012 Electric Power Research Institute, Inc. All rights reserved.

Tomorrow’s Power System

We will see more change in the next

10 years than we have in the last 100 years

5 © 2012 Electric Power Research Institute, Inc. All rights reserved.

Long-Term Operations

Smart Grid

Energy Efficiency

Near Zero Emissions

Water Resource Management

Renewable Resources and Integration

Strategic Technical Issues

Significant Challenges – Innovative Solutions

6 © 2012 Electric Power Research Institute, Inc. All rights reserved.

Global R&D Collaboration

EPRI Engagement

Leveraging $380M in Global R&D Funding