Princeton University

School of Engineering & Applied Science

Economic Regulation of the Power Sector

Steven Corneli, Senior Vice President Policy and Strategy, NRG Energy
Friend Center, 109
Tuesday, April 15, 2014 - 7:30pm

Abstract: What is a “utility”? How are utilities regulated? What role do competitive power providers and retailers play in the power system? How are these roles evolving as new technologies – including distributed solar, advanced energy efficiency, storage and micro-CHP -- begin to be marketed by competitive providers?
This lecture will cover the landscape from Sam Insull’s invention of the regulated monopoly utility in 1913 to the disintermediation or “post office-ization” of regulated utilities anticipated by many observers. We will look at these through the twin lenses of technological change and applied economics, from the perspective of an executive at the second largest – and arguably the most innovative – power company in the US.
Short bio of Steve Corneli.
Steve Corneli is NRG Energy’s Senior Vice President for Policy, Strategy and Sustainability. He coordinates and develops corporate positions on key public policies, and integrates the company’s policy and strategic initiatives, with a primary focus on clean technologies and sustainable enterprises. Steve has previously served as NRG’s Senior Vice President of Market and Climate Policy and as NRG’s Vice President of Regulatory and Government Affairs.
Prior to joining NRG, Steve served in the Minnesota Attorney General’s office and was manager of the office’s utility consumer advocate division. He also has worked at the law firm of Leonard, Street and Deinard and been an adjunct faculty member of the University of Minnesota’s Humphrey Institute of Public Affairs. Earlier in his career, he operated a 600 acre family farm in Wisconsin for more than a decade.
Steve has a Master’s degree in public affairs from the Humphrey Institute with a concentration in energy, environment and technology policy, and a Bachelor of Arts degree from St. John’s College.