We are now a little over four months into the landmark regulatory proceeding in New York State called “Reforming the Energy Vision,” or REV. With REV, the New York Public Service Commission (PSC) is seeking to fundamentally transform the way the state’s electric distribution utilities are regulated and how they do business – changing the way electricity is generated, bought and sold in New York. The REV proceeding is arguably the most comprehensive yet to tackle what is variously known as “Utility of the Future,” “Utility 2.0,” or as we at AEE call it, the “21st Century Electricity System.” (Users of PowerSuite can track and collaborate on this vital regulatory proceeding here.) Whatever you call it, the idea is to create a high-performing electricity system that runs on advanced energy. With the release of a new straw proposal on August 22, the PSC is moving the vision toward reality.