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A New Book on the Transformation of the Energy Industry

For over a century, the electric utility industry has powered the American dream, creating the world’s largest grid and the power to supply our digital economy. Looking forward, however, the industry is beset by the forces of change. Utilities must respond to global climate change with unprecedented urgency by investing a trillion dollars or more in new sources of power and transmission. We must also implement much stronger energy efficiency policies than in the past, reducing the rate of power sales growth to nearly zero.

As if these challenges were not enough, the industry is also implementing the “smart grid” – an array of new technologies that will allow customers to control their own power usage and use local, renewable generators as never before. These opportunities will force a retooling of the century-old business model and “regulatory compact” that supports the current industry.

What Industry Leaders Are Saying About Smart Power:

"If you're serious about policies that place energy efficiency on a level playing field with new energy supplies, and energy policy generally, this book is essential reading."

~ Art Rosenfeld, Former Commissioner of the California Energy Commission

"Few economist/engineers understand the electricity system as well as Peter Fox-Penner, and far fewer can explain it as lucidly. Whether or not you agree with every detail, his vision of the opportunities, risks, uncertainties, and tipping-points of this vast and crucial industry is powerful and provocative."

~ Amory B. Lovins, Chairman and Chief Scientist, Rocky Mountain Institute

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