In our work, we pay close attention to the agencies regulating the electric and gas utilities. In Rhode Island, that’s the Public Utilities Commission (PUC); in Massachusetts, that’s the Department of Public Utilities (DPU).
Both commissions have always had a big job – regulating what economists call "natural monopolies." "Natural" because it doesn’t make sense to have more than one company in a community distributing electricity or gas. How many poles and pipes do we really want?However, the role of utility regulators takes on a whole new importance when we realize that we must phase out fossil fuels and electrify buildings and transportation. If utility regulation was ever easy, it’s not anymore.