California PUC President: The Utility Death Spiral Is 'Last Year's Hype'

GreenTechMedia: "The much-heralded death spiral of U.S. utilities is 'last year’s hype,' according to California Public Utilities Commission President Michael Peevey. It was propagated, he said, by members of the Edison Electric Institute, a utility lobbying group, out of a concern that rooftop solar supported by net energy metering would disrupt utilities’ longstanding business model. That’s not going to happen, Peevey told an audience at VerdeXchange 2014, the seventh annual Los Angeles gathering of California’s greentech community. If utilities are smart, they will adapt to the new technologies, he said."