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Electricity production across the US rises substantially

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Electricity production by division in the US

The weekly electricity output and week-over-week change in production levels across different divisions in the US are in the chart below. The Edison Electric Institute (or EEI) provides weekly electricity production data by division across the US.

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All major divisions gain

Electricity production in all major census divisions increased during the week ended February 20.

The Southeast region led the increase by 23.9% (or 4.8 million MWh). The climate in the region remained cooler following an ice storm in the preceding week. Duke Energy (DUK) and Southern (SO) operate in this region.

Electricity production in the Mid-Atlantic region increased by 12.5% (or 1.2 million MWh) during the week. FirstEnergy (FE) operates in this region. New England also clocked gains to keep electricity production in all East Coast regions in the green.

All the divisions in the central US saw increases in electrical production. The South Central (an 10.1% increase, 1.1 million MWh) and Central Industrial (an 6.9% increase, 1.1 MWh) regions clocked the biggest gains. The West Central region also contributed to the increase, with 0.5 million MWh or an 8.2% gain.

Western divisions miss the party

While all the divisions in the eastern and central US clocked gains in electricity production, two of the three western regions reported a drop during the week ended February 20.

The Pacific Northwest was the only western division to report weekly gains in electricity generation. Xcel Energy (XEL) operates in some of the states in the region. XEL is part of the Utilities Select Sector SPDR (XLU) and it accounts for 3.7% of total holdings.

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