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Guru
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Join Date: Mar 2005
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Blackouts and Big Bucks: Two Years Later

08/15/2005 5:30 PM

On August 14, 2003, the largest blackout in North American history swept through the northeastern part of the United States and eastern Canada. Lights went out in an area of about 9,300 square miles, costing an estimated $6 billion and affecting 10 million people in Ontario, Canada, and 40 million people in eight U.S. states. To some entrepreneurs, the grid's failure smelled like money. But are the big utilities buying? Red Herring has some answers.

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The Feature Creep

Join Date: Feb 2005
Location: Boston, MA
Posts: 990
#1

Power

08/16/2005 10:30 AM

The real problem is there are no new power plants going on line. With the increases in home power consumption and increases in the population we need to generate more power. The whole Not In My Back Yard (NIMBY) problem with power plants is keeping the grid unstable and causing whole sections of the country to dependant on power imported across long distances.

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