Fortnightly Magazine - January 1 2001
A report titled "NY Cash Infusion," appearing in the "News Digest, Transmission & ISOs" pages of the Nov. 1, 2000 edition of , could leave readers with the erroneous impression that the NYISO [New York Independent System Operator] required emergency action to pay its bills. This would be grossly inaccurate.
But the fly in the ointment is computer modeling, where no one yet agrees on how to mirror the real world.
A promise made is a promise kept, even in the halls of government.
Have gas prices fallen victim to speculation?
On Thursday, Dec. 8, as natural gas hit $40 at the citygate for Southern California (prices hit $60 that Friday), I found myself in Colonial Williamsburg, a guest of Michigan State University's Institute of Public Utilities, at the group's annual conference, watching a panel of industry experts try in vain to explain what was happening.