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Exelon Says "Very High Priority" Is Having Regulated Utilities Offer More Ratebased Services (Solar)
August 11,2016 During an analyst day, Bill Von Hoene, Senior Executive Vice President & Chief Strategy Officer for Exelon, said that a high priority for the company is to advance the regulatory compact covering its distribution utilities to address new products desired by customers, with, in some cases, utilities offering such services themselves and earning a return on the investments "A high policy priority for us, a very high policy priority for us, is to be able to respond in a meaningful way to doing the kinds of things that will allow us to provide the customers what they want, and for us to receive a fair recovery," Von Hoene said. "How do we make sure that we're delivering to our customers, and receiving a fair return on delivering to our customers, the products that they want. The things that they want don't fit neatly into the existing regulatory structure in many circumstances, and don't fit in at all in some circumstances. How to we change that compact, as a policy, to ensure that as the customers' need and desires evolve, that the regulatory framework under which we operate evolves to correspond to it," Von Hoene said Von Hoene cited the PSEG Solar 4 All program, where the utility owns and ratebases distributed solar, as an example of such a change in the regulatory compact Von Hoene also noted Exelon's efforts (though unsuccessful) for its utilities to offer certain services -- ratebased community solar at BGE and BGE ownership of a microgrid in Maryland, and the (since withdrawn) proposed Pepco-owned solar projects in D.C. -- as reflecting the envisioned future for the utility Von Hoene further cited legislation favored by Exelon in Illinois as an example of the future envisioned by the company, which would have allowed utility microgrid ownership. An earlier version of the bill would have also permitted utility development of EV charging stations To be fair, some of Exelon's envisioned policies place the utility in the role of market curator or facilitator for third-party services However, based on its activities to date in this arena (noted above), it is clear Exelon is seeking to place within the utility a variety of services that are currently being provided by the competitive market. What do you think? Let us know in the comments below
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