Transcript: Greg Aliff |
We are very fortunate to have the premier practice serving the utility industry today. We probably serve about 50% of the industry and some of the most respected clients as audit clients and then the remaining part of the business we serve, probably the vast majority of that in the relationship type of space and that gives us an understanding of what goes on in these organizations at a very granular level. This industry has gone from an industry that made decisions based upon economics such as future growth trends, future demand for electricity as an example, to an industry that really is making decisions based upon bets on what policy would be down the road. Companies in this industry are actually afraid of making significant investment decisions because by the time they will build the assets the technologies themselves may well be obsolete in many respects compared to what’s coming.
This is a book accounting for public utilities that I had the good fortune to be one of the co-authors of it. It is on the shelves of most utility executives and I look back over my career and this book is important to me as much as anything because it is a tribute to what can happen if you have good opportunity that comes available and you seize the opportunity.
In my 33 years of working with Deloitte when I reflect on what motivates me to get up each morning and go to work, it’s very simple, it’s the diversity of the people. It is the different background, the different approaches that they bring to work, and they are all extraordinarily professional.
