Full Title: 2017 State Of The Electric Utility Survey
Author(s): Utility Dive
Publication Date: 03/2017
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The electricity industry has been the foundation of modern life for more than a century. Since Thomas Edison flipped the switch on the nation’s first fossil power plant in 1882, the industry has tasked itself with a dual mandate: the reliable delivery of electricity at affordable prices. Since its establishment in the early 20th century, the traditional model of vertically-integrated utilities electrified virtually the entire nation. Under the model, utilities petition state regulators to make investments in the bulk grid system using revenues collected from customers, and regulators allow the companies to earn a modest rate of return so long as projects are completed cost-effectively.