Regulated utilities must strike the right balance between cost-effectively managing business-as-usual activities and investing for the future—while complying with ever-changing regulatory requirements.
Utilities are implementing multi-pronged strategies to safeguard and evolve system reliability and protect against climate-related events and cyber threats. At the same time, they must meet Environmental, Social, and Government (ESG) and decarbonization goals by ramping up renewable energy sources. Developing investment plans that accomplish these objectives takes innovative thinking and rigorous planning to satisfy and earn trust from internal and external stakeholders.
Andrew Wells, Associate General Counsel at Duke Energy; Jason Jones, Director of Generation at Public Service Company of New Mexico; David Wu, Pipelines Practice Lead at Copperleaf; and Jim Shields, Principal Consultant at Black & Veatch, discussed:
- How benefit-cost analysis, what-if scenarios, and investment plan optimization are helping utilities provide greater transparency to ESG-minded regulators, customers, and other stakeholders
- Current challenges and opportunities related to net-zero commitments, grid modernization, and the evolving regulatory landscape
- Ways to increase trust with regulators and demonstrate progress towards strategic objectives