Extreme weather events like Hurricane Sandy, threats of cyber-terrorism to energy infrastructure, the need to reduce greenhouse gas emissions, and the rapidly changing economics of the energy industry have called attention to the inadequacies of the U.S. electric utility industry. While the electricity industry must adapt to such changes, the future of the industry is not clear—will it reverse the deregulation of the 1990s and see the reemergence of the vertically integrated utilities, or will utilities become platforms into which different generation and energy service providers might “dock”?
The 2014 NYU Environmental Law Symposium, entitled “Utility of the Future: The Transformation of the Electricity Industry”, will address the questions of how the electric utility industry is transforming, what barriers exist to its transformation, and what all of this means for New York’s energy resilience. It will focus specifically on the potential business models for reforming utilities and then examine the regulatory and financial implications of such models.
The symposium, to be held on Monday, March 3rd, will have four panels and a keynote, designed for legal practitioners, academics, policymakers, and other major figures in the field of electricity regulation