Summit News

The current economic downturn and fluctuating energy costs is hurting everyone. But could the Utilities sector start the fight back?

Over 50 of the leading U.S. utility companies have just announced a key meeting on how the industry can unite and tackle the current climate.

The Next Generation Utility (NGU) Summit will be held early this year at the Ritz Carlton, Amelia Island, Florida, and will include the heads of technology and business development alongside their respected CEO community. Government officials have also confirmed attendance to ensure that the program will drive immediate value back to their constituencies as well as thought leaders from Energy Services Network association and United Utilities Telecom council.

The utilities sector in the U.S. is in the midst of unprecedented transformation. Several factors are driving fundamental change: liberalization and increased competition, strategic mergers and acquisitions, regulatory pressure around climate change, systems reliability, convergence, electricity, and renewable concerns.

All of this requires large investment and a unity amongst the sector. If this is achieved new innovation could pave the way for cheaper energy and more jobs within the sector.