Powering the future: Blueprint for a sustainable electricity industry

Long known for its vast scale and fierce resistance to change, the US power industry is poised for a sweeping transformation. Although driven by many of the same forces propelling the telecommunications revolution, the electricity industry has received only a fraction as much attention. Yet the electric industry is far larger, with a current investment per customer of $6,000--double that of the phone and cable industries combined. Moreover, unlike telecommunications, the future of the power industry will have an enormous impact on the global environment. The glimmerings of a more efficient, decentralized, and less-polluting power system are beginning to capture the interest--and even the investment dollars--of some. In this paper, the authors describe the route to a more environmentally sustainable electric industry to power the twenty-first century.