The State and Future of Power Survey 2022 Question Title 1. Which is most disruptive to the utility business model? Rapidly increasing renewable and distributed resources Stakeholder pressures and increasing customer demand for sustainability Potential competitors from other industries entering the market Question Title 2. Which of the options below represent the most acute risk to utility operational resilience? Physical security and hardening of assets Cybersecurity of IT/OT systems Ongoing pandemic restrictions and return to work Question Title 3. Which potential competitors pose the biggest threat to utilities? Auto, oil and gas companies Electric and gas companies based outside the U.S. Tech and telecommunications companies Question Title 4. What is the primary impediment to utilities investing in new business models? Rigidity of utility regulation, funding cycles, and rate structures Immaturity of new business models and time to scale Risk averse utility culture Question Title 5. What should utilities prioritize to best prepare for potential cyber security threats? Invest in advanced asset, information, and network control technologies Accelerate internal training and promote a culture where cyber security is everyone’s responsibility Promote industry-led initiatives and public incident sharing Question Title 6. What immediate action should utilities prioritize to improve business resiliency in the face of climate change? Developing measurable ESG goals and public reporting of these metrics Convert generation fleet to renewables, distributed resources, and storage Accelerate digitization of infrastructure and operations Question Title 7. What is the most attractive opportunity for utilities in the near-term? Transportation and building electrification Orchestrating transactive distributed platforms Product and service diversification Question Title 8. What is the most attractive funding opportunity for utilities in the infrastructure bill? (select 3) T&D upgrades and resilience of electric infrastructure Clean hydrogen manufacturing and advancing recycling RD&D Cybersecurity Electric transportation and charging infrastructure Renewable Energy Carbon capture, direct air capture and industrial emission reduction Advanced nuclear Energy efficiency and weatherization grants Done