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M. Granger Morgan, chair of Engineering and Public Policy and co-director of the Carnegie Mellon Electricity Industry Center, will be online Friday, Aug. 15 at Noon ET to discuss the blackout.
The transcript follows.
Editor's Note: Washingtonpost.com moderators retain editorial control over Live Online discussions and choose the most relevant questions for guests and hosts; guests and hosts can decline to answer questions.
Washington, D.C.: I have a question in two parts, Mr. Morgan: to what extent is deregulation to blame for this power catastrophe (i.e. funds weren't properly allocated to make the necessary infrastructural improvements that would have prevented this mess--didn't deregulation create a scenario whereby this could happen)?
and do you now foresee the power companies jacking up the rates in the affected geographical regions--thus extorting the populace--similar to what they (companies such as Bechtel, Enron, Reliant, and now this Niagara Mohawk) have done in other parts of the country (California) and of the world (India, Bolivia, Rio de Janeiro, et. al.)?
thanks, I'm a big fan of your work.
M. Granger Morgan: The grid has been running pretty close to the edge for quite a few years.
Deregulation certainly plays a role. Because it has not been clear who will end up owning the gird in the long run, investors have been reluctant to make the large investments needed to expand the capacity of the grid and upgrade communication and control systems as the load on the system has grown.
Also, as a result of restructring we are now trying to use the grid as a power market between generators and customers, something it was not really designed to do. So we are using the gird differently, and stressing it in new ways.
Will fixing it cost money? Yes, but in terms of the US economy as a whole, or even the delivered cost of power, the costs should be modest.
http://www.washingtonpost.com/wp-dyn/articles/A59860-2003Aug14.html