Electric utilities, Deregulation, Prices, Economics, and Electricity
Looks at the problems caused when Scott Towner, who runs Federal Energy Sales Inc. a small firm that buys and sells blocks of electricity, was forced to default on his contracts in 1998. Reasons behind his decision; How his defaulting sent the price of a megawatt hour of electricity jumped from $ 30.00 an hour to as high as $7,000 an hour; Reaction of other electric companies in the area; How this incident exemplifies the risks involved in the deregulation of electricity.
Electric utilities, Prices, Economics, and Electricity
Provides information on the federal government's investigation of an electricity-market crisis in the Middle West. Vision of the United States Federal Energy Regulatory Commission on electric utilities; Financial status of Midwestern utilities; Causes of the high electricity price.