There are a handful of states that can be counted on to lead change in our nation’s electric industry. For anyone interested in the progress of grid modernization, Illinois is certainly a place to look. Through a series of forward-thinking legislative pieces beginning with the Electric Customer Choice and Rate Relief Law in 1997, Illinois has positioned itself at the forefront of advancements in the industry.
In April 2018, ScottMadden published, “While You Were Sleeping: The Unnoticed Loss of Carbon-free Generation in the United States.” In that paper, we highlighted how the climate progress made by the addition of new carbon-free electric generation from solar and wind was in danger of being largely “given back” due to the potential loss of existing carbon-free nuclear generation. Our analysis showed
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Tony Gonzalez, a manager within ScottMadden’s energy practice, joined the firm in 2016 after an impressive 14-year career within the utility industry. Leveraging this experience, Tony serves on the leadership team for the firm’s Transmission & Distribution and Grid Edge Communities of Practice. Most recently, Tony worked on engagements at a top-five leading energy provider and within the Caribbean on initiatives in Aruba and his home country of Puerto Rico, where he feels strongly about giving back.
In November 2018, the Michigan Public Service Commission (MPSC) issued an order setting a date of June 30, 2020, for Consumers Energy Company (Consumers) and DTE Electric Company (DTE) to file updates to their five-year distribution investment and maintenance plans. The order provided guidance on what should be included in the next versions of the plans.
The United Kingdom is moving to a decarbonized energy sector and isn’t shying away from experimentation to get there. During a recent fact-finding trip, led by the Smart Electric Power Alliance (SEPA), we gathered practical lessons for the United States and new approaches to growing challenges in the industry related to:
As economic growth continues, and policies are increasingly driven by state and regional issues, utilities are placing bets, with large investments, on various growth strategies. They continue to face opposition and challenges from various stakeholders with disparate interests. Energy and utility companies will try to thread the needle of developing and upgrading much needed infrastructure, while satisfying those interests.
Just like finance spreadsheets were a major breakthrough for finance departments, Artificial Intelligence (AI) is expected to change how HR will operate in the future. Several companies already leverage AI to screen resumes, but recent AI technological developments, such as voice and image recognition, are expected to expand capabilities and create $100 billion of value in HR in the next 20 years.
A security operating model enables an organization to focus on identifying risks, recommending risk responses, facilitating tradeoff decisions related to these risks, and providing a line of sight to the execution of these responses. The core of this model is a collaborative continuous improvement process designed to sustain the controls that secure the enterprise. You can learn more about the advantages of a security operating model in “The Security Operating Model: A Strategic Approach for Building a More Secure Organization.”
With the advent of lower natural gas prices in North America, the nuclear generation industry in the United States has been under significant and continuing cost pressure. Across the industry, every effort is being made to identify and capture opportunities for sustainable cost reduction. While cost reduction is nothing new to the nuclear industry, the competitive pressure has intensified in recent years.
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