Tom Binet

Senior Economist, Power Energy and Water

Thomas Binet is a senior economist in CoBank’s Knowledge Exchange Division, where he focuses on the energy industry, including the electric distribution, generation and transmission sectors, as well as the rural water industry.

Mr. Binet has more than ten years of business and economic analysis experience, most recently as a consultant in the Global Energy & Utilities Practice at PA Consulting Group. While at PA, he led economic impact analyses and advised investor owned utilities, generation and transmission companies, and electric distribution companies across the U.S. He also previously held roles in the cabinets of former Colorado governors Ritter and Hickenlooper, including as business development manager in charge of advancing the business climate for Colorado’s power, energy and water industries.

Mr. Binet earned a bachelor’s degree with honors in International Relations and Chinese Language from the University of Colorado, Boulder, and is completing a master’s degree in Applied Economics with a Financial Economics Concentration from Johns Hopkins University.


The U.S. rural economy will continue to face headwinds in 2020 and is expected to underperform relative to the economy of urban America. 
The world’s largest battery energy storage development project has received the green light from New York’s Public Service Commission. 

As the market for electric vehicles grows, many electric utilities are welcoming the increased demand for power. But uncertainty over fuel economy standards isn’t helping growth.

The U.S. Environmental Protection Agency issued a notice of proposed rulemaking indicating that the agency seeks much greater authority in the infrastructure permitting processes.
Uncertainty over trade policy, weather and African Swine Fever dominated agricultural markets last quarter.
Broadband partnerships between Rural Local Exchange Carriers (RLEC) and Electric Distribution Cooperatives (EDs) are uncommon, but when done right, can benefit all involved.

Global economic growth continues to slide, as tariffs drag on global trade and manufacturing.

V2G integration is characterized by many EV owners connecting their vehicles to the power grid at their home and/or workplace, at which point the system operator can charge or discharge the EVs’ batteries within agreed-upon parameters.

U.S. agriculture is poised for serious challenges for the remainder of 2019.