The US grid is large and massively complex, with aging transmission lines that are proving monumentally costly to upgrade. Utilities earn money only when they propose equipment upgrades, like pipelines and transmissions, to regulators, which then give the green light to pass those costs onto consumers. There’s very little room, Peskoe says, within the current structure for tech companies to act to significantly change consumer bills. Instead, utilities and regulators control the final outcome.
Twelve. Minutes. Per. Compile.
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