Uncommon Commentaries Does Technology Matter?

Abstract

In the old days, when utilities passed on costs or benefits, utility
investors and managers could look upon technology as a side issue that
rarel y affected profits. No longer. Not keeping up or adopting the
wrong technology punishes shareholders, and getting it right pays off.
But keep in mind that the average electric company still lays out only
0.3% of revenue on R&D, so, perhaps, they still don't get it."
Leonard S. Hyman, Senior Illdllstry Advisor,
Salomon Smith Barney; 212.816.8508