Yes, Virginia, there really is an Obama Claus. You can hear him shouting, "On Pelosi, on Reid, on Kennedy, on Biden. Cash away, cash away, cash away all!"
Even so, distribution would normally be about 50% of the cost of your average utility bill. So for people average bills in the range of $200...about 100 of that would be distribution. Their bills would still go down significantly if average generation costs were 15-20/month.
Also, it will still (in all likelihood) be necessary to maintain those large networks as they will be required to balance load across different customers and sources.