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Building the iUtility: market forces are transforming the IOU business model.
[ILLUSTRATION OMITTED]
At a Wall Street briefing earlier this year, EEI's David K. Owens used the "t" word--"transformation"--to describe the current state of the U.S. electric utility industry.
"What is happening in our industry is the beginning of a transformation," he said. "And much of this transformation is the result of the need to address the issue of global climate change." (1)
A couple of weeks later, FERC Chairman Joseph T. Kelliher weighed in on the same topic. At the opening of a FERC technical conference, Kelliher said, "In my view, the central challenge facing the Commission today is finding the best possible mixture between ...
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