The electric industry is in transition. Innovation and increasing competitiveness of renewable energy resources, combined with aging infrastructure, extreme weather events, and system security and resiliency needs, are all leading to significant changes in how electricity is generated, distributed, managed and consumed. This session will describe how New York State’s Reforming the Energy Vision (REV) strategy will lead to regulatory changes that promote more efficient use of energy, deeper penetration of renewable energy resources such as wind and solar, and wider deployment of “distributed” energy resources.