The US electric sector is surprisingly easy to understand. It’s big, capital-intensive, complicated and integral to our standard of living – which gives it a massive bias in favor of the status quo. Neither its owners nor its regulators have any incentive to risk their money or their careers with sudden change. This makes it fairly predictable: take what’s happening today, and assume that will continue indefinitely forward until such time as (a) we overshoot some fundamental technical constraint and/or (b) some regulatory action upends the balance of power in the industry. There have been several, noteworthy instances where regulatory …
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Sean Casten is president & CEO of Recycled Energy Development, LLC, a company devoted to profitably reducing greenhouse emissions.
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