States Test an Unusual Idea: Tying Electric Utilities’ Profit to Performance

1 year ago 57

Traditional regulatory frameworks generally allow utilities to make guaranteed returns. Connecticut and Hawaii are experimenting with a new model.

When a tropical storm bore down on parts of the East Coast in the late summer of 2020, it spurred tornadoes and flooding and caused 8,800 trees to crash onto power lines. At one point, three-quarters of a million Connecticut residents were without electricity. 

Read Entire Article