Just as an FYI, most distribution companies don't do their own generation, at least not on any large scale.
Also, if the smart meters are used correctly and enough customer chooses to take part in the time of use programs, then additional generation will not be needed as soon. We have to design our power systems for peak loads. Although we may only hit these loads once or twice a year. By leveling these peaks out, you effectively increase the capacity of the system.
Tom
heh, just wait until everyone starts getting electric cars.

