California Challenges & Vulnerabilities of the New Business Model Design for Power

This Article compares and contrasts state regulatory decisions, programs, subsidies, and the evolving new business model. Section II examines the revolutionary role of renewable energy, the critical role of electricity, and the changing business model. Section III analyzes how various incentives are being embedded in government programs in many states, how the incentives or the programs affect the evolving business model, how these are valued and shift economic impacts, and criticism of the results. Section IV dissects the motivation for the “regulatory play” in the new business model.