Feb 4

Past Event

The Future of Electric Utilities: A Conversation with Jim Rogers, Mike Chesser and Ron Binz

Event Materials

Video

Highlights

  • Electric Utility Industry Under Great Challenges

    Charles Ebinger: It has been 36 years since passage of the legislation that de-monopolized utilities in the United States. By 2050, nearly 70 percent of the non-carbon emitting generation plants will have to be replaced at great cost.

    Charles K. Ebinger

  • Imagine the Connected Electricity Grid of the Future

    Ron Binz: What will the grid of the future look like? Imagine one that is low-carbon, connected like the Internet, and transforms electric consumption, one where every device—a refrigerator, hot water heater, generating plant, etc.—on the network is communicating with everything else.

    Ron Binz

  • Successful Utility Companies Think about Making the World Better

    Michael Chesser: The utility companies that succeed over the long term have a sense of a higher purpose. They think about how can they make the world better, which is the legacy of utility companies for over 125 years.

    Michael Chesser

  • What Will the Future Electricity-Generation Mix Be?

    Jim Rogers, Duke Energy (formerly); Brookings Trustee: Flat or declining demand for electricity, and huge productivity gains in the production, delivery, and use of it have profound implications. As power plants get replaced in the future, we have a blank sheet to design the generation mix going forward.

Full Event

Audio

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Summary

The existing utility business model is under threat globally. Major transformative trends in the U.S., Europe, Australia and elsewhere are affecting the relationship between utilities and customers, creating opportunities for a wide array of new, non-utility players. Some call this “disintermediation” or “edge power,” where services such as data analytics, distributed generation, storage, demand response, energy efficiency, and financing are provided by non-utility entities along the value chain from generation to customer end-use. How are utilities reacting and what future utility business models could emerge?

On February 4, the Energy Security Initiative (ESI) at Brookings hosted Brookings Trustee Jim Rogers and ESI Nonresident Senior Fellows Mike Chesser and Ron Binz to discuss the future of the electric utility industry, including regulatory challenges, implications for customers and impact on utility strategy.   

Senior Fellow Charles Ebinger, director of ESI, provided introductory remarks and then moderated a discussion.

 Join the conversation on Twitter using #FPEnergy.

Event Agenda

Details

February 4, 2014

1:00 PM - 2:30 PM EST

Brookings Institution

Falk Auditorium

1775 Massachusetts Avenue, N.W.

Map

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