PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: sandintoes who wrote (443382)	8/15/2003 11:37:56 AM
From: Kenneth E. Phillipps	Read Replies (1) of 769670

"The problem of preventing such power failures has been that, for the most part, no one has an incentive to invest billions of dollars in new wires, new towers and new transformers. The old utilities have sold off their power plants but still hold a highly regulated monopoly on the network of lines, and they would only invest in new transmission if state regulators would guarantee them rate increases to pay for it." The problem is no economic incentive to upgrade the grid. That problem is worsened by deregulation.

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