Recent studies are in agreement that, even under the best-case scenarios for the emergence of new technologies such as hydrogen, electricity will be required to play a central role in the energy transition. As a result, electric utilities are critical to achieving net zero. However, before tackling the literal and physical challenges of rising to this monumental task, relevant governing bodies must first ask (as this report does); do electric utilities operate within governance and regulatory structures capable of facilitating the achievement of net zero?