Now, if I may summarize briefly: (1) Electricity is a unique product, the life-blood of society. It is a necessity, but also enables luxury.
(2) Society must have adequate electricity availability for economic growth of its GNP.
(3) Current economic growth has slowed util-ity plant construction temporarily with that slower growth rate expected to continue in the next few years.
(4) Our quality of life is enhance by electricity if we are served well, and can be seriously affected adversely if we are not.
(5) A utility is a monopoly; accordingly re-qulatory requirements are apprpriate, but they should be directed to the interest of the consumer. A utility has a market similar to any business, but markets don't buy things, customers do.
(6) Demand side management may offer indiv-diual consumers new choices in how they will use electricity.
(7) Society rightfully has concerns for environ-mental effects of utilities. The utility needs not only to make right decisions but to convey proper percep-tions to society. Consumers must recognize that a zero defect society is not possible, and compromises must be accepted.
8) R & D is a must to ensure adequate and economical electricity for society today and in the future.
And finally, I believe each of us in electric power engineering and management have an important part to play in this industry. Some people say that this is a mature industry, the glamor will be found elsewhere. I have a concern that not enough young engineers find it challenging and that we are not allocating enough human resources to the engineer-ing job. We can't let the electric induntry coast. Every train needs an engine, and you are the engine at the head of the electric utility train.
You have accomplished much in the last 100years; good luck to you for the next 100. Thank you.