Exclusive: Drew Maloney to head Edison Electric Institute
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Photo courtesy of AIC via Kevin Allen
Drew Maloney, the head of the American Investment Council, is leaving to serve as the next president and CEO of Edison Electric Institute, Axios has learned.
Why it matters: EEI, the trade association for investor-owned electric companies, is bracing for a potentially transformative time, as the industry works to provide power for AI data centers and EV charging stations.
- Maloney, a top Treasury official in President Trump's first term, will succeed the current interim president and CEO Pat Vincent-Collawn, who stepped in for Dan Brouillette.
- Brouillette, a secretary of energy in Trump's first term, announced he was leaving EEI last year and recently joined the strategic advisory firm Torridon Group as co-chair.
- Maloney will start at EEI on July 1.
What they are saying: "Drew Maloney's extensive public policy expertise, financial and energy sector work, and trade association leadership will be a tremendous asset to EEI member companies and the millions of customers we serve," said EEI Board Chair Maria Pope in a statement.
- "As AI transforms our industries, manufacturers return to our shores, and daily life becomes more electrified, the strength and resilience of America's energy grid is more critical than ever," said Maloney.
Go deeper: The AIC, which represents the private equity industry, has launched an ad campaign to retain the current tax structure around carried interest, which Trump wants to tax as regular income.
- Staying at AIC through June will allow Maloney to help quarterback that effort, if the details of Trump's "one, big beautiful bill" are ironed out over the next few months.
- At EEI, Maloney will help meet Trump's call for more electricity generation to power the manufacturing renaissance he campaigned on.
