US utilities have finally realized electric cars may save them

Re:US utilities have finally realized electric cars may save... by PhantomGremlin on Friday March 16, 2018 @04:46AM (#16599390)

Generation is the only part of the business that produces the money to fund the infrastructure and the generation is the cheapest part of the business.

To a large extent, that business model is obsolete in many places. For example Consolidated Edison in NYC used to generate most of its own power. Here is a link to a generating station they used to own but were forced to divest:

https://en.wikipedia.org/wiki/Ravenswood_Generating_Station

Due to deregulation of the energy markets in New York State, Con Edison was required to sell all of its "in-city" generating stations in New York City including Ravenswood. In 1999, Con Edison transferred ownership of Ravenswood to KeySpan Energy (KeySpan) for $597 million.

I think it's stupid, but nobody asked me before they forced this on Con Ed.

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Re:US utilities have finally realized electric cars may save... by AFNobody on Friday March 16, 2018 @03:03PM (#16603147)

Yeah it is obsolete in many places but the difference between retail and wholesale prices is how they pay for their infrastructure so the driver is still the same model from the perspective of the utility.

They were legally forced to sell as well, not due to a lack of profitability.

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