Pacific Gas and Electric is the classic, longtime "clean" utility -- almost no pollutant emissions. It just this week pulled out of the US Chamber of Commerce because of the chamber's tough skepticism about the need to regulate carbon emissions. But clearly, CEO Peter Darbee doesn't see company cleanness as any guarantee of future viability of a power utility.
Speaking at the Bank of America/Merrill Lynch utility conference in New York Tuesday, Darbee said climate change and renewable energy mandates are not the big challenges for the power industry. Instead, our correspondent Ethan Howland reports, he said distributed energy and smart meters present the much bigger threat to a business's way of life.
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