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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (443406)	8/15/2003 2:48:04 PM
From: JDN	Read Replies (3) \| Respond to of 769667

Well, this exerpt from earlier post from someone else is all I know. jdn 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. That is the last thing the regulators, who deregulated much of the industry in hopes of lowering rates, would be willing to do. The entrepreneurial power companies that have bought up power plants have decided against building new transmission lines that would compete with existing ones, possibly driving down transmission charges, and would, at most times, be nothing more than "excess capacity."