FERC chief calls on utilities to confront changing market dynamics

12/10/2012 | Smart Grid News

Advances in connected technology and increased efficiency are fueling significant changes in the U.S. energy sector -- challenging utilities to think outside the box if they hope to remain financially viable, according to Jon Wellinghoff, chairman of the Federal Energy Regulatory Commission. In a briefing before lawmakers last week, Wellinghoff pointed to slowing energy use and investor interest in distributed generation as evidence that utilities can no longer rely on load growth to finance operations.

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