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DougAz's avatar

Excellent and excellent. Coming from a physics education and 45 yrs as a P&L manager in business, here is the major problem.

Deregulation killed the infrastructure and especially transmission. - Because absolutely no for Profit Power company wants a 10 or 20 year return. America was able to build the long term, low ROI transmission lines when we used "regulated monopolies".

You can not separate "service" from "generation/transmission" as a business model. It's stupid. Because looking at Texas, a complete mess, they have let their CAPEX and long term investment under-invested.

Just on maintainance, say 10% of the $1.6 Trillion of Energy assets should be spend annually on upkeep, improvement and lower cost capital productivity projects. I'm pretty sure you will not find $150 billion on these projects today. annually.

"Some experts, such as Gretchen Bakke and Meredith Angwin, put at least part of the blame for decreasing electricity reliability on the industry restructuring aka “deregulation.” They are quite correct.

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RC's avatar

My company makes parts for gas turbines, and you have explained some things that I've been confused about for the past 30 years. This is a fantastic series of articles. Subscription upgraded!

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