A new national policy on climate change is under debate in the United
States and is likely to result in a cap on greenhouse gas emissions for
utilities. This and other developments will prompt utilities to undergo
the largest changes in their history. Smart Power examines the many facets
of this unprecedented transformation.

This enlightening book begins with a look back on the deregulatory efforts
of the 1990s and their gradual replacement by concerns over climate change,
promoting new technologies, and developing stable prices and supplies.
In thorough but non-technical terms it explains the revolutionary changes
that the Smart Grid is bringing to utility operations. It also examines the
options for low-carbon emissions along with the real-world challenges the
industry and its regulators must face as the industry retools and finances
its new sources and systems.

Throughout the book, Peter Fox-Penner provides insights into the policy
choices and regulatory reform needed to face these challenges. He not only
weighs the costs and benefits of every option, but presents interviews with
informed experts, including economists, utility CEOs, and engineers. He gives
a brief history of the development of the current utility business model and
examines possible new business models that are focused on energy efficiency.

Smart Power explains every aspect of the coming energy revolution for
utilities in lively prose that will captivate even the most techno-phobic
readers.

Biographies

Peter Fox-Penner is a consulting executive and an internationally recognized
authority on energy and electric power industry issues. Dr. Fox-Penner is
a principal and chairman emeritus of The Brattle Group, a leading international
economic consulting firm.

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