A fearful economy cries for industry leadership.
Three years ago, when we were about to go to press with our October 2008 issue, the bottom fell out of the financial markets. At the last minute, I had to scrap the cover story I had written, call my sources back, and write a new article—“The Path Forward.”
Now, as I write this on Sept. 22, 2011, the stock markets are tumbling. They’ve had their worst week since 2008, and I can’t help but feel a sense of déjà vu.
Although I’m not rewriting anything this time, some part of me thinks I should just re-run my October 2008 Frontlines column, “A Time to Lead.”
In that editorial, I called upon utilities to lead the way out of America’s economic crisis, by accelerating investments in modern infrastructure: “America’s utilities have begun gradually transforming themselves into something smarter and more efficient. Now the financial crisis calls our utility executives and policymakers to exert leadership, and escalate the industry’s transformation.”