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Make Money Online Imagine New Jersey's beach-bound millions on a two-lane road instead of the Garden State Parkway. Now imagine a tree blocking part of the road -- and what that does to traffic. That's pretty much what happened when the power went out from New York to Michigan, leaving 50 million people without lights.

California's failure stalled the deregulation experiment's progress in other states. Now with the bankruptcy of Enron, deregulation will be put off for years, experts say. The experiment has lost its champion. "Enron lobbied in every state for deregulation, " Unisource's Pignatelli said. "No other company is going to do that."

Internet Business Opportunity The way to prevent it, experts say, is to build superhighways for electrons. But because of recent changes in the power industry, that's not happening.

But deregulation in California led to ballooning energy prices, which so far have been paid for by bankrupt or crippled utilities and by the state government. In deregulation's wake, California is burdened with electricity prices that are far more than what neighboring states pay for power.

Free Money As the demand for electricity balloons in the digital age, power still flows from generating stations along routes laid out decades ago. It's an antiquated transmission system ill-equipped to keep up with the demands of a 21st-century economy.

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Work At Home Business The problem has worsened as the power industry has been deregulated in recent years. With the breakup of electric utility monopolies starting in the late 1990s, more energy suppliers have entered the market, further increasing the strain on transmission lines.

The process followed by the British was then used as a model or at least a catalyst for the deregulation of several other countries and regional markets. However, in many of these other instances the market deregulation occurred without the widespread privatisation that characterised the UK example. In different deregulation processes the institutions and market designs were often very different but many of the underlying concepts were the same.

Free Online Affiliate Program At the same time, utility experts say, deregulation has effectively discouraged many power companies from spending the money necessary to upgrade the transmission system, the network of high-voltage power lines that carry wholesale quantities of electricity over long distances.

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Auction Coin Money Paper "It's really exposing the soft side of deregulation," David Brown, a vice president of NUS Consulting Group in Park Ridge, said of Thursday's outage. "Unless the federal government takes a more pro-active role, these things are going to happen more and more."

Franchise Business Opportunity The country's largest outage ever is focusing new attention on the nation's energy policy, including whether deregulation has left the public more vulnerable to blackouts.

Best Free Online Affiliate New Jersey and other states continue to regulate the delivery of electricity to homes and businesses, limiting the profits utilities can make and the rates they can charge their customers. What has been deregulated is the production of electricity at nuclear power plants and fuel-fired generating stations.

Blogging Money Thebillivard In this environment, utility experts say, power companies have invested heavily in the unregulated business of producing power, while some have shied away from making the investments needed to expand and improve the transmission system.

Best Home Based Business Expansion is badly needed.

Affiliate Marketing Program Over a five-year period, the power industry should be spending about $25 billion to upgrade transmission lines, according to a recent report by the R.J. Rudden energy consulting firm in Hauppauge, N.Y.

Money Site Thebillivard Com But instead of the $5.3 billion that should have been spent in 2001, the last year for which figures are available, utilities spent just $3.7 billion, the study found. The cumulative shortfall could top $20 billion in the near future, the study said.

Online Business Opportunity And the problems aren't limited to transmission lines, the study found. The nation needs to invest about $13.6 billion a year to improve the distribution system -- basically, the wires that take power from substations to homes and businesses. In 2001, the utilities spent $8.5 billion.

Pay Per Click Affiliate "You have to upgrade the system," said T.C. Cheng, professor of electrical engineering at the University of Southern California. "Deregulation works sometimes, and sometimes it doesn't. There's a lot of uncertainty about generation and transmission, and when companies see that, they don't want to spend money when they don't know the future."

Cnn Money New Jersey began the process of deregulation in 1999 to open up the electric power industry to competition and drive down prices for consumers. Initially, consumers saw rates drop. Now, they face higher bills because of rising power costs.

Business Opportunity Lead And critics say power companies are now more intent on improving their bottom line than on modernizing their transmission equipment, jeopardizing the system's reliability.

Affiliate Program Directory "We have fragmented and balkanized our electronic power system," said John Casazza, the author of several books on electric power transmission. "No one is taking a look at what is best for the grid and our nation. Instead, you have 1,000 different entities just looking out for themselves and how to make the best profit."

Making Money Program The transmission system is key because there is plenty of power supply. In the past, most outages were caused by a lack of generating capacity -- that is, the power plants couldn't keep up with demand.

Work From Home Business That wasn't the case on Thursday, when the system's generating capacity was only at 75 percent. But the system's capacity for transmitting huge quantities of electricity from utility to utility and state to state is approaching the limit.

Internet Marketing Affiliate Between 1998 and 2007, electricity demand is expected to grow by 17 percent, while transmission capacity is predicted to grow by 4 percent, according to the Electric Power Research Institute of Palo Alto, Calif., an industry-funded research organization.

Money In The Bank Before deregulation, utilities such as PSE&G and Jersey Central Power & Light Co. supplied their own power. Since deregulation, many utilities have resorted to importing bulk quantities of electricity over long distances. This has further taxed the transmission system.

Internet Home Business "The system is getting more and more loaded, and when you do that you put the system in jeopardy," said Luther Dow, managing director of power delivery markets for the Electric Power Research Institute. "If there was a financial incentive to invest, transmission owners would invest."

Credit Card Affiliate Program David Schanzer, an industry analyst with the Philadelphia-based securities firm Janney Montgomery Scott, pins the blame on government regulators.

Unclaimed Money "They haven't given the industry the incentive to invest," Schanzer said, noting water companies are allowed to recover investments to replace antiquated equipment a lot faster than the electric utilities.

Mlm Business Opportunity New Jersey is a prime example, Schanzer said. In a recent rate case involving the state's four utilities, regulators lowered the rate of profit JCP&L was allowed to earn. The state based the action on the fact that the utility's business is less risky now that it no longer has to worry about operating power plants.

Ppc Affiliate Program But Al Koeppe, president and chairman of PSE&G, the New Jersey utility most affected by the recent blackout, said his company is investing more in its electric transmission system. In July, he approved a five-year plan to spend $1.5 billion on the system, the highest ever for the utility, Koeppe said.

Money Exchange "The smarter we make the electric and gas network, the more it will be a self-healing system. That's where we need to get to," Koeppe said.

Income Opportunity Home Based Mark Cooper, of the Consumer Federation of America, said part of the problem is that preventing blackouts requires a lot more lines, relays and circuit breakers than is needed for day-to-day operations. That takes big money.

Make Money With Affiliate "Private sector actors don't have a lot of interest in investing in excess capacity," he said.

Money Gram U.S. Sen. Craig Thomas (R-Wyo.) argues that easing regulations on the transmission of power is the way to encourage investment in new lines. He has introduced a bill to do that and to force federal agencies to make the siting of transmission lines a priority.

Home Internet Based Business "Things have changed a lot in the way electricity is generated, in the way it is transmitted and the way it is distributed, and we have to pull together a policy to recognize these changes," he said.

Advertising Affiliate Program By Tom Johnson and David Ress
Star-Ledger - 8/17/2003

Topic: Energy

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