This three-year project assists states in addressing regulatory, ratemaking, financial, business model and market issues related to grid modernization in the power sector. These include:
- adapting electric utility regulation and ratemaking to new technologies and services, assessing potential financial impacts on utility shareholders and customers
- investing in infrastructure that enables customer engagement
- providing incentives to utilities to achieve grid modernization goals.
Through this effort, states will have improved capability to consider alternative regulatory and ratemaking approaches to enable grid modernization investment. In addition, the approaches will better tie utility earnings to consumer value, economic efficiency, and other public policy goals.