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Monday, August 18, 2003
The Wall Street Journal editorializes on the blackout:
"Perhaps the most interesting story about the blackout ... is why it didn't spread farther--in particular, why it was stopped cold in Pennsylvania and points South. The reason is that an outfit called PJM Interconnection, which operates the wholesale energy market from New Jersey to West Virginia, recognized that power was dropping and isolated its section of the grid ... PJM is no miracle worker. It is merely an example of the kind of "regional transmission organization" (or RTO) that can develop everywhere if a more competitive wholesale electricity market is allowed to proceed... As it happens, the Federal Energy Regulatory Commission (FERC) has been proposing rules that would allow more of these RTOs to develop. Legislation to do so is pending in the energy bill now in House-Senate conference... "
This is the most sensible commentary on what we need to do to fix this power grid fiasco I have heard yet.
Labels: Archives_2003
.: posted by
Dave
1:28 PM
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