Cloud computing has tremendous value propositions in driving safe, clean, and affordable utility services and infrastructure, which are the very premises the regulatory bodies want to ascertain. Utilities lag significantly behind other industries in adopting cloud computing, primarily because of the disincentives imposed by traditional regulatory accounting. This article discusses the urgency for utilities and regulators to accelerate their journey to the cloud and the steps to be taken to embark on that journey.

“Ukrenergo CEO Volodymyr Kudrytskyi shared that Ukraine had plans to interconnect with the rest of the European grid – a two-year plan – and did it in maybe three weeks or so.”

“Leadership is going the extra mile, taking the time to understand concerns and what’s important to another state.”

Highlights from the Reuters Global Energy Transition 2022.

A roundtable on the sidelines with FTI Consulting's Rodolfo Araujo, Christine DiBartolo, Ken Ditzel, and Chris LeWand.

“It is clear that the renewable growth that we need requires a transmission system that’s more resilient and can grow faster.”

“We feel especially responsible to make sure that we bring all of the ecosystem together to express what’s going to be required from our investment perspective and how our state and communities will need to also support that from an economic development perspective.”

“In some cases, utilities opt to enter into build-transfer agreements. They’ll tender, we’ll build them, and then transfer it to them at a pre-agreed price, so it moves to the rate base. For utilities that have coal plants, they can substitute them with wind or solar.”

After they left the speaker stage at this major international event, conversations with EDP CEO Miguel Stilwell d’Andrade, CenterPoint Energy executive vice president Gregg Knight, AES EVP and President, US and Global Business Lines Julian Nebreda. Also, an ESG roundtable with FTI Consulting’s Rodolfo Araujo, Christine DiBartolo, Ken Ditzel, and Chris LeWand.

“Collaboration with industry partners, including utilities, is key to our success in climate and sustainability.”