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New York approves restructuring of utility revenue model 

Julia pyper | greentech media | 20 may 2016 

PA's Walter Rojowsky and Zach Pollock, energy and utilities experts, are quoted in an article in Greentech Media. The article discusses the recent structural reforms to electric utility regulations approved by the New York State Public Service Commission, which is part of New York's Reforming the Energy Vision (REV) process.

Commenting on this, Walter states: This order incents utilities to drive forward the REV vision, by tying together customer and shareholder outcomes. It brings important REV objectives such as system efficiency and energy efficiency into the core business of the utility. Until now these important functions and many others like it have not been a central focus of utilities. This is all about to change.

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Zach also weighs in, concluding: The Commission's order provides significant guidance on the revenue implications which will be encountered through realizing REV's objectives - most significantly highlighting the near term balance between traditional cost-of-service earnings and a future state based on platform service revenues and earnings adjustment mechanisms.

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