Full Title: A Strategy for Balancing the 7 Utility Boardroom Priorities
Author(s): Val Jennings and Michael Jung
Publication Date: March 7, 2023
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The roughly 3,000 utilities in the United States are diverse in geography, customer demographics, structure, assets, and corporate culture. Yet, the C-suites within these utilities share many of the same top boardroom priorities.
The priorities arise from trends that disrupt how utilities have done business for the last century. It’s imperative that utility leaders assess these priorities, develop a point of view on what each means for their utility, and build a strategy to start evolving for the future. These seven boardroom priorities will define the strategic roadmaps utilities are creating for the coming years — and decades. The priorities are closely interrelated, and they will benefit from an integrated strategy orchestrated in carefully planned stages to achieve success. Too often, however, the strategies for each priority are disjointed and opportunities for synergies go untapped.
This paper from ICF outlines the seven top utility boardroom priorities and offers a framework for leaders to create integrated strategies that address each priority both individually and in concert.