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Federal and state regulators play a critical role in the evolution of the smart grid. Lawmakers face a host of questions, from deciding who owns consumer data and how it can be used, to defining a new range of regulated and unregulated utility services and applications. How much regulation will be needed to manage the transformation to a smart grid? And how much regulation will be too much?

Electric vehicles (EV) are just getting started, with rapid growth ahead. Plug-in hybrids and other EVs could capture 20 percent of the U.S. auto market by 2030. When planning for future infrastructure and technology needs, utilities face difficult questions about how EVs will interact with the utility grid. A comprehensive approach to communicating and integrating vehicle information will allow utilities and drivers to make the most of smart electric transportation.

(September 2011) Our annual ranking tracks the publicly traded electric and gas companies that produce the greatest value for shareholders. Despite the year’s topsy-turvy financial markets, perennial performers like DPL, PPL and Exelon return to the top of the list. Others face looming cap-ex burdens as regulators impose new mandates and requirements. Leading companies are positioning for growth, despite a challenging landscape.

The next decade will bring serious disruption to the utility industry. But with cooperation from regulators and legislators, utility companies will be able to shift their business models to capture significant value—both in existing businesses and emerging ones.

Energy Transfer Equity buys Southern Union; Google and Citi finance Alta Wind Energy Center; Calpine and GE Energy Financial Services secure project financing, plus transactions and bond issues from NiSource, Spectra Energy, FP&L, PSE&G and others, totaling more than $8.5 billion during the month of June.

(August 2011) Shaw Group completes 500 MW combined cycle plant; Pattern Energy begins building Spring Valley wind farm; AEP, Duke and TVA team up on interstate transmission line; AEP and MidAmerican contract for Texas transmission projects; Alliant contracts Open Systems International for volt-VAR control system; Alstom buys into AWS Ocean Energy; Siemens acquires shares in PV manufacturer Semprius; Lockheed Martin introduces cyber security system; plus contracts and announcements involving Elster, Itron, Suzlon, Solon, Sensus, Westinghouse Electric, Morgan Lewis and others.

NERC’s critical infrastructure protection (CIP) standards set a minimum level of security performance—and only for high-voltage transmission systems, not the distribution grid. A compliance-checklist approach to security might lack the adaptability needed to combat evolving threats like the Stuxnet worm. A multi-layered, risk-based approach will provide better protection for the emerging smart grid.