Monday, July 18, 2011

Updated and Bumped: Webinar with Dr. Peter Fox-Penner

In less than an hour, Dr. Fox-Penner covers the past, present, and future of the electric utility industry.  The recording of the event can be found at this site.  I know everyone is busy, but if you can spare the hour, I think it will be well worth your time.

I have put the Power Point slides (no audio) up at Google Docs.

Dr. Peter Fox-Penner is the former head of the Brattle Group consulting firm.  He is the author of the book Smart Power, which discusses the concept of "Smart Grid" and proposes several alternative business models for the future of the electric utility industry.

As you will see in the Webinar (or read in the book), the electric utility industry is at a crossroads:  we will need hundreds of billions (if not into the trillions) of new investment to renew our infrastructure, but we are stuck with a business model that has run its course.  The vertically integrated electric utility dates from Edison's time:  this 19th century business model is not up to the task of re-creating a 21st century industry.

What Peter does in his work is to move beyond the status quo (in which everyone is stuck) and suggest new models for how the industry can organize itself.

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