PrefaceIt has become apparent that the energy needs of today are not necessarily best met by the traditional, centralized power system paradigm. Increased desire for efficiency, security, stability, and local control of power quality and reliability all suggest modification of the central station tradition. Concurrently, the technologies required for such a paradigm shift are becoming a reality. What this new path might look like, and how it might be shaped by technological, economic and political factors, is addressed herein.