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President
The Stella Group, LTD
According to the Fourth National Climate Assessment, humans are the dominant cause of global temperature rise, which many believe is directly responsible for the increased intensity of extreme weather events. The assessment shows that extreme events have cost the U.S.more than $1.1 trillion since 1980, and also warns that “The frequency and intensity of extreme high temperature events are virtually certain to increase in the future as global temperature increases”. We have only to look to Texas, Florida, and Puerto Rico where major hurricanes caused catastrophic damage to the electric grid creating heightened concern for resiliency. The inability to re-establish… [more]
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On July 20th, the World Economic Forum in collaboration with the New York Governor’s office, organized a workshop focused on New York’s Reforming the Energy Vision (REV) initiative. A number of leading energy professionals participated, including representatives from the utility sector, capital markets experts, as well as current and former state utility regulators. Participants worked together to craft practical policy recommendations designed to advance the various NY REV goals. Participants discussed approaches utilities could take to engage low and moderate-income (LMI) customers. Currently, New York has 2.3 million LMI households, representing one-third of the state’s population. At current funding levels,… [more]
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On July 20th, the World Economic Forum in collaboration with the New York Governor’s office, organized a workshop focused on New York’s Reforming the Energy Vision initiative. A number of leading energy professionals participated, including representatives from the utility sector, capital markets experts, as well as current and former state utility regulators. Participants worked together to craft practical policy recommendations designed to advance the various reforming the energy vision goals. Significant dialogue centered around the need for technology and business innovation, with concerns stemming from a lack of utility shareholder funded research and development (R&D). In 2015, Some utilities spent… [more]
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