RISK: Financial
December 2010: Richard Damiano, chief engineer of Inland Power and Light Co. states, “But home area networks, customer load control, real-time usage monitoring, load shifting are all very costly and time consuming to manage and implement. The business case just isn’t there.”
http://www.smartgridnewstalk.com/showthread.php/350-Are-utilities-retreating-from-the-smart-grid-front-lines
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February 2011: CT Attorney General Rejects Smart Meters
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June 2011: Illinois Attorney General Lisa Madigan: “An Experiment Too Expensive for Consumers”
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March 2011: Exelon Corp. (parent company of Commonwealth Edison) Chairman and CEO John Rowe:
…”Smart grid we are reluctant to embrace because it costs too much and we’re not sure what good it will do. We have looked at most of the elements of smart grid for 20 years and we have never been able to come up with estimates that make it pay.” …
“The real issue is are we doing the customers more good by putting money into more advanced electronics or would we do them more good by putting the same money into replacing more old cable? To me that’s an unknown answer. If I had to choose, I’d bet on the cable.”
Full transcript: http://www.eenews.net/tv/transcript/1293
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October 2011: Connecticut Attorney General Jepsen asked state utility regulators to halt decision on Electricity Meters case
http://connecticut.cbslocal.com/2011/10/04/jepsen-backs-esty-on-electricity-meters-case/