In Minnesota, GPI convenes a stakeholder effort called the e21 Initiative that recommends, in part, shifting toward a more performance-based regulatory approach to determine how electric utilities in the state are compensated.
Recently, the Minnesota Public Utilities Commission discussed performance-based regulation (commonly referred to as PBR) with expert Sonia Aggarwal, Director of Strategy at Energy Innovation. Ms. Aggarwal and the commissioners had an interesting discussion (see summary here) that raised key issues about how a PBR approach would work and its implications. Continue reading »