Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: CuriousGeorge who wrote (3479)	8/29/2003 1:50:19 PM
From: yard_man	of 4904

bad metaphor, IMO. Our electrical grid is highly reliable -- news spin is just plain wrong as is most of the scuttlebutt. I'm sorry, it just isn't true. I've said it before, but it bears repeating -- in many ways the shutdown was a great success -- how much equipment did you hear about getting burned up that could not be brought back on-line. How often has a blackout like this happened. What if the airlines only lost one plane every 20 years or so ... The grid is simply not in a state of disrepair as some have been trying to tell you. Just not true. There is a battle being fought in the regulatory arena that most simply do not understand. It is a battle between regulated entities that made very large investments in transmission, primarily to serve their "franchised" areas, making their systems more reliable by economic exchange -- they are fighting it out with other entitities, that feel they are entitled to "free use" of same facilities to market the plants they built after they helped to engineer huge price spikes in electrical energy -- via their version of "de-regulation." The regulatory battle is about what the purpose of the transmission system is for -- are wholesale transactions to help locally "franchised" players optimize the cost of energy they provide to "captiive customers" or to provide a windfall to new entrants who have no load requirements. Some transmission that could be built wasn't, to be sure, but even so -- the system is still HIGHLY RELIABLE ... Now with regards to utilities, roads, etc -- is there infrastructure that has been neglected and underfunded in the bubble years. You bet. Water infrastructure is woefully inadequate. Roads and bridges in many areas. There are probably other areas as well -- BUT generation and transmission is simply not one of these areas. It's just not true!!

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