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The utility business model is a bit unusual, given that power companies own a natural monopoly in the areas in which they operate. But just as the energy transition has upended a bunch of other industry models, it's doing something similar in the staid power industry. 

Paul digs into the existing Cost of Service model most utilities employ today, as well as discussing the evolving role that decoupling and Performance Based Ratemaking play in aligning utility incentives with those of states and consumers.

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