This New Yorker article, “Power to the People,” is one of the first mainstream press articles discussing how the energy utility landscape is being transformed. (This was sent to me by one of my non-energy clients.) It prompted one thought: the “death spiral” only occurs if we hold on to the traditional model of utility investment and regulation. Allowing utility shareholders to participate in the transformation through their unregulated holding companies can mitigate much of the potential for a death spiral.