Billions of dollars are needed to shore up the faltering North American power grid if more big blackouts are to be avoided, but the incentives needed to lure that kind of cash are missing, energy analysts say.
"We need between $50 billion and $100 billion over several years to upgrade the nation's transmission system," said Kurt Yeager, president and chief executive officer at the Electric Power Research Institute (EPRI) in Palo Alto, California.
Best New Blog finalist - 2003 Koufax Awards
A non-violent, counter-dominant, left-liberal, possibly charismatic, quasi anarcho-libertarian Quaker's take on politics, volleyball, and other esoterica.
Lo alecha ha-m'lacha ligmor, v'lo atah ben chorin l'hibateyl mimenah.