N.Y. overhaul means new models for chasing utility profits
NEW YORK -- Last month, six of the state's utility CEOs met on the west side of Manhattan to discuss the future of their business. What did they see? They pictured the state of New York with less CO2, more renewable power and more distributed generation. They contemplated a grid where they continue to build and run the wires, but they make money in novel and disruptive ways. They showed off the pilot projects that, they think, can be models of the new electricity era. Utilities have thrown their support behind Democratic Gov. Andrew Cuomo's plan to revolutionize the state's power grid, a plan known as Reforming the Energy Vision, or REV. But they don't yet know the answer to this question: Is there any money in it for them? Cuomo and state regulators think so.