The document summarizes a presentation on the economic consequences of new utility business models. It discusses the drivers of the current utility model and potential changes putting elements of that model into question. It then outlines some future potential models being explored in jurisdictions like New York, California, Minnesota, the UK, and Hawaii. It considers the potential impacts on utility asset value, growth opportunities, and risk/return profiles. Finally, it discusses how financial markets may react and steps needed to evolve utility technical competencies and business models in light of changes.