power to the internet

Thu Dec 26 02:29:32 UTC 2019

On 12/25/19 6:16 PM, Michael Loftis wrote:
>
>
> Having lived through the blackouts that was entirely different. 90% 
> Enron manipulating the markets. There was plenty of capacity both in 
> transmission and generation, but Enron manipulated prices and apparent 
> supply to make money and screwed the whole state over. There was just 
> about 2x the generating capacity, no real shortage.
>
> This time it’s PG&E all alone, but still fallout from back then. Too 
> much liability and they’ve not maintained the infrastructure and so 
> they decided that to reduce the liability costs it’s cheaper to 
> blackout. Same story again different colors. PG&E making a mint while 
> people get screwed (PG&E was mostly at the getting screwed end in 
> 2000-2001)
>

Yes, this is exactly right. My point here isn't to assign blame, but to 
ask what the hell we're going to do about it. Trying to score political 
points is disgusting.

Mike

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