New Energy Industry Collaborative Aims To Revamp State Regulations
Innovation could suffer if the states' regulatory processes don’t keep pace
The energy industry is evolving, and so are its regulatory needs. The problem, according to industry organizations? If regulatory processes in the 50 states don’t keep pace with the changing sector, innovation could suffer.
A new initiative led by the nonprofit Smart Electric Power Alliance (SEPA) says current processes and practices need to be updated as the industry develops new technologies to deliver electricity to communities across the country—particularly from renewable sources.
In the initiative, dubbed Renovate, SEPA has brought together stakeholders from utility companies, state regulatory agencies and legislatures, and consumer advocates in a task force to press for regulatory changes “to foster innovation to build a modern grid and promote a modern society,” according to the initiative’s website. Partnering organizations include the Edison Electric Institute, the National Rural Electric Cooperative Association, the National Governors Association and the Natural Resources Defense Council, among others.
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