Can an Old Dog Learn New Tricks?
Alan Feibelman leads Oliver Wyman’s North American utilities practice. Gerry Yurkevicz is a Boston-based partner, who focuses on assisting utilities develop business strategies and improvements to their performance. Oliver Wyman is a global leader in management consulting that combines deep industry knowledge with specialized expertise in strategy, operations, risk management, organization transformation. Oliver Wyman is a wholly-owned subsidiary of Marsh & McLennan Companies.
"Older dogs are very capable of learning new tricks, skills and behavior. You can change any habit; with a bit of time and attention, even the oldest dog can learn new tricks."
- Can an Old Dog Learn New Tricks? by Drew Webster, Purina
Twenty years ago, the electric utility business in many states made a historic transition. Huge swaths of the industry went from a business and regulatory model that had been in place for the better part of a century to an entirely new model.
This model was one that was no longer vertically-integrated. Many utilities did not own generation. They had to accommodate competitive retail electricity suppliers.