In this white paper, the WBK team (Tony Clark, Ray Gifford, and Matt Larson) makes the case that a vertically integrated utility (VIU) model provides a tried and true pathway to implement state policy directives and achieve outcomes in the best interests of customers. The political allure of utility restructuring is understandable. It caters to the interests of both libertarian-minded "free market" advocates and those on the left who may be suspicious of VIUs serving a captive customer base. But for present-day leaders of states that have not restructured, it is worth understanding the foundation of the VIU and its comparative advantages amidst ongoing energy policy debates.
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