Insights from Edison Electric Institute: “Disruptive Challenges: Financial Implications and Strategic Responses to a Changing Retail Electric Business.”
Due to flight cancellations and inclement weather, the January GT Clean Energy Series program on “Disruptive Challenges: Financial Implications and Strategic Responses to a Changing Retail Electric Business” has been rescheduled to Wednesday, March 26, 2014.
Wednesday, Jan 29th 2014 from 12:30 p.m. to 2:00 p.m.
According to a number of industry analysts, the traditional utility business model of revenues based on the sale of power produced is in transition. Technological and economic changes led by falling costs and deployment of distributed generation, e.g., photovoltaics, and increasing interest in demand side management technologies for improved efficiency are factors that could lead to changes in the electric utility industry comparable to those experienced by the telecommunications industry beginning in the late-1970s.
On January 29, plan to join an interactive discussion with the author of the insightful Edison Electric Institute report and a technology analyst with the Electric Power Research Institute on the implications of disruptive technologies on utility business models.
Peter Kind, Executive Director, Energy Infrastructure Advocates and Senior Advisor, Macquarie Capital
Peter is the author of the Edison Electric Institute report “Disruptive Challenges: Financial Implications and Strategic Responses to a Changing Retail Electric Business.”
Peter has over 30 years of investment banking experience, with a specialization in utility and power sector corporate finance. His banking experience includes capital market advisory services and merger and acquisition and corporate finance advice. Peter’s work includes all sectors of regulated utility and non-regulated power businesses. He has been actively involved in outreach to regulators and policymakers, including work as an expert witness in regulatory proceedings.
Peter’s experience include the Bank of America, where he lead the Power and Utilities Corporate and Investment Banking effort, and Citigroup and Kidder Peabody, where he co-directed the Power and Utilities teams in each of those firms.
Peter holds a MBA in Finance from New York University and a BBA in Accounting from Iona College. He practiced as a CPA until 1981. From 2008 to 2011, Peter was Co-Chairman of Edison Electric Institute’s Wall Street Advisory Group.
Ronald Schoff, Program Manager, Technology Innovation, Electric Power Research Institute (EPRI)
EPRI is a utility-wide, nonprofit collaborative R&D program that manages collaborative research on behalf of the electric utility industry, the industry’s customers and society at large.
EPRI’s Technology Innovation (TI) program is focused on research, development, and demonstration (RD&D) to maintain a full pipeline of promising ideas and potential breakthroughs for enabling long-term operations of existing infrastructure, achieving near-zero emissions at fossil plants, expanding renewable energy deployment, increasing efficiency, advancing the smart grid, and promoting water resource sustainability. TI addresses these strategic industry issues across a 5- to 20-year horizon. The crosscutting RD&D portfolio scouts, influences, and builds on early-stage work throughout the worldwide science and technology communities to capture innovations for application-oriented development and demonstration.
In a previous role as Senior Project Manager, Ron’s responsibilities include managing and conducting evaluations of advanced power generation technologies, including Integrated Gasification Combined Cycle (IGCC) with carbon capture and storage (CCS), ultrasupercritical pulverized coal (USCPC), natural gas-fired combined cycles (NGCC), and power cycles incorporating carbon dioxide capture and sequestration (CCS).
Ron has a BS in Chemical Engineering from the University of Pittsburgh and a MS in Chemical Engineering from Villanova University. He is a senior member of the American Institute of Chemical Engineers.
John Higley, Managing Partner, Energy and Environment Enterprises, former Managing Partner and Global Energy & Utilities Partner, Deloitte Consulting
Energy and Environmental Enterprises provides advisory services to corporations and utilities for energy supply management, renewable resource evaluation and integration, and resource optimization.
Prior to his current firm, John was the Managing Partner for Deloitte’s Global Energy and Utilities Practice, which engaged in strategic analysis, mergers and acquisitions and systems integration and deployment. Before joining Deloitte, John was Senior Vice President of Energy Management Associates (EMA), an EDS Company. John’s experience at EMA included utility rate analysis and integrated resource planning. EMA developed and supported PROMOD, a production costing system used by over 80 percent of the utility generating capacity in the US.
John is a graduate of the Georgia Institute of Technology with a BS in Industrial Engineering.