A successful transition to a 21st Century Electricity System requires careful consideration of a range of issues that will ultimately redefine the regulatory framework and utility business model while creating new opportunities for third-party providers and customers to contribute to the operation of the electricity system. In this second of a 7-part series published by Utility Dive, AEE lays out strategies for achieving performance-based regulation. Previously, we covered Advanced Meters: Connectivity for the Modern Grid.