Word: bram
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Dates: during 2000-2009
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...Thomas Edison, the man who electrified Manhattan) were allowed to sell their power-generation businesses and become middlemen that buy electricity on the open market from new generator operators and distribute it to their customers. "We work hard to find the best deal for our customers," says Steve Bram, Con Ed's senior vice president of central operations. "But we're at the mercy of the sellers." Those sellers, on the other hand, are at the mercy of--wow!--no one, and with capacity shortages driving up unregulated wholesale prices as much as 50 to 100 times the normal rate...