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The Argument for Changing the Electric Utility Business Model
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by Heather Bailey, Energy Strategy and Electric Utility Development, City of Boulder
What will the electric utility of the future look like? Why is it important to re-evaluate the current traditional regulated utility business model?
Learn what is driving the changes in how we generate and manage electricity. The financial incentives that support the industry today may be counter to public policy as technology advances, carbon emission regulation, and personal choice impact utility profits. In the next few decades, we’ll see a shift from large-scale generation to distributed generation, including renewables like rooftop solar, from no data to big data, from captive ratepayer to empowered customer. Public utility commissions and governors’ offices across the U.S. are changing electric utilities for good, in New York, Hawaii, and Massachusetts.
Heather Bailey, Executive Director of Energy Strategy and Electric Utility Development for the City of Boulder will share insights based on her extensive experience on all sides of electric utilities. Come learn what the future holds!
Heather Bailey was hired in 2012 to help manage Boulder’s Energy Future project by providing direction in the creation of both short- and long-term energy strategies and leading the city’s municipalization exploration project. She has nearly 35 years of experience in the utility industry, and has served as a regulator, utility executive, and consultant. The majority of her career has been in public power, with positions including controller, treasurer, Deputy Chief Financial Officer, Executive Director of Corporate Services, and Executive Director of Transmission Business Services and Asset Development. As a consultant she advised independent transmission developers and power producers, as well as cities, on various utility strategic and regulatory issues. Ms. Bailey is a CPA and has an MBA from the University of Texas at Austin, a bachelor’s degree from Sam Houston State University in Huntsville, Texas, and has received numerous appointments from the American Public Power Association (APPA) including Chair of the APPA Business and Finance Section. She has spoken extensively on various utility topics over the years to investors, trade groups, education institutions, and community organizations.
