The IEEE Power & Energy Society (PES) has continued to grow during one of the largest economic downturns in modern history. PES has developed a vision and strategy, which will represent the core resource in formulating the new activities and shaping our future directions. Part of the document provides an overview of PES membership, Chapters, and related activities from the past five years. The growth and value of membership and support for Chapter activities continues to be one of the dominant concerns of PES leadership. Also, 39 new Chapters have been created since 2007, many in Region 8. PES's revenue-generating activities have increased by more than 60% over the last six years, exceeding $17 million in 2012. Three new publications, IEEE Transactions on Smart Grid, IEEE Transactions on Sustainable Energy, and IEEE Electrification Magazine, have been successfully launched. The growing segment of PES membership is Young Professionals, the program formerly known as Graduates of the Last Decade, or GOLD.
