In February 2014, a diverse group of Minnesota leaders began a collaborative process to define Minnesota’s 21st century energy system. The goal is to identify a new regulatory environment that will resolve the fundamental misalignment between the traditional utility model, technology advancements, and public policy goals. e21 participants recently completed Phase I of the effort by developing several recommendations that, if adopted, would offer customers more choices on how and where their energy is produced and reward utilities for the achievement of agreed-upon performance goals.
The Minnesota e21 Initiative may have a significant impact on the future of electric utilities by defining new options for how the electric system is modernized and how the regulatory compact and the utility business model are structured. This initiative is forward looking, and tough questions are being broached and analyzed. The result may be a system that is no longer consistent with regulatory framework and utility model that have been in place since the early 1900s. With four other states also focusing on “the utility of the future,” at the very least there will be increased opportunities for stakeholder discussions and, in some instances, collaboration on this intriguing topic.
e21 Initiative Phase I Report: Charting a Path to a 21st Century Energy System in Minnesota, December 2014
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