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Lifeline worth billions was thrown to European utilities

After losing about half their value since 2007, European power companies are pivoting away from fossil fuels, where profits have all but evaporated amid subsidized competition from renewable energy. By moving electricity grids into the digital age, utilities can get low-risk, government-regulated rates for distributing their power, as well as new revenue from running more efficient networks or providing household battery-storage and electric vehicle systems.

By MATHEW CARR AND NAOMI CHRISTIE Bloomberg News

Full Story: http://www.sltrib.com/home/4432530-155/lifeline-worth-billions-was-thrown-to

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