On the one hand, utilities need to collect and convey data about where value lies on their distribution systems – focusing on integrated distribution planning as a means to get the most out of DERs and grid modernization investments.  As a next step, the utility must find additional avenues for earnings under a new regulatory approach that compensates the utility for improving system efficiency and optimizing DERs. The paper concludes that there is no one-size-fits all approach, but finds promise in greater focus on performance outcomes.