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Changing the Rules to Help Utilities Embrace the Future
Renewable Energy World: The basic business approach used by much of America’s electric power sector has changed little over the past 100 years. Electric utilities operated state granted monopolies on electric sales, but were regulated by state utility commissions. They invested in large capital-intensive equipment, mostly generators, and got a return on their investment. The business model has been “invest in equipment, turn the customers’ meters, earn a steady profit.”
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