The new standards will go into effect in two phases, beginning in 2024.

In November 2022, a group of U.S. utility executives joined the Smart Electric Power Alliance on a fact-finding mission to understand the impact of the clean energy transition on Australia’s electricity markets.

Utilities ranked highest in business customer satisfaction share formulas for meeting C&I and SMB customer needs.

“We’ve got to be on schedule, on budget and it’s got to be a competitive cost,” said Jay Wileman, CEO of GE Hitachi Nuclear Energy. 

The utility, which plans to apply for a 20-year license renewal for the 2.2-GW plant at the end of 2023, will need to complete roughly five years of work in a year and a half, a company executive said.