New York Prodding Utilities to Shift From Monopoly Model
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New York State is pushing its utility industry to shift away from a century-old business model into a system that can accommodate more power from solar and wind.
With the fourth-highest electricity prices in the U.S. and a grid increasingly susceptible to storm-related failures, the current system isn’t working, said Richard Kauffman, the former chairman of Levi Strauss & Co. who is now the state’s first energy czar.