Across the US, the utility industry is evolving rapidly to incorporate new technologies, new business models, and new regulatory paradigms in a trend that is often broadly incorporated under the label of “Utility of the Future.”

New York was not the first state in the US to tackle the regulatory reforms that distributed energy resources (DERs), renewable energy (such as solar and wind), and other new technologies have catalyzed for traditional utility regulations and business models. Hawaii and California are just two of the states that have already undertaken many of the major reforms necessary to accommodate them on the grid, driven by the rapid adoption of these technologies.

Rather than dealing with each individual issue separately, Governor Andrew Cuomo, the New York Public Service Commission (PSC), and the New York Department of Public Service (DPS or Staff) have undertaken the herculean task of considering the many different threads of the Utility of the Future as part of one overarching initiative, “Reforming the Energy Vision” (REV). This rather holistic approach to regulatory reform has not been without growing pains and skepticism for being overly ambitious and politically fraught.  

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