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The Nation's Grid Chiefs: On The Future of Markets

Exclusive interviews with the CEOs of five regional transmission systems.

Fortnightly Magazine - October 2006

a myth. People today have no grounds to say that at all.

This past summer, we met a level of peak demand—had a heat wave close to 51,000 MW of peak—that was forecast to be reached not for five or six years ahead. We met that without a glitch; without repeating blackouts of any kind.

Also the congestion constraint in 2005 was about 40 percent less than in 2004, in terms of cost. We are actually witnessing a level of innovation in both the supply and the services that we have never seen before; innovation in operation, innovation in technology, and innovation in markets.

Frankly, when you look at all of those things and hear people say, “I don’t want to be like California,” I say, well, you mean you don’t want to be efficient, you don’t want investment, you don’t want prices to be low. These are facts.