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ELP Volume 88 Issue 4
The structure of the power industry was founded on the premise that the production and delivery of electricity is a natural monopoly and therefore best served by a regulated franchise.
The CEO of a major competitive power company, also a former colleague, said to me a few years ago, “The entire legal and regulatory framework that we’ve toiled under throughout our careers will be blown up one day by some technological breakthrough that sneaks in our back door.
The other day while I was participating in a panel at a smart grid conference, someone in the audience asked a question regarding standards and interoperability.
Big money is flowing into smart grid and smart energy development. The U.S. Department of Energy has awarded more than $3.4 billion ...